While the goal of any good fundraiser is to raise funds, it’s important to know that not all gifts are created equal. For instance: An alum gives his cattle ranch to his college or a patron gives the controlling interest of her business to the local art museum. These gifts might be of great value, but they also might have unexpected income-tax consequences for the receiving organizations.
Legislation
January 1, 2004
January 1, 2004
A change to the United States Postal Service’s Cooperative Mail Rule went into effect late last year, permitting nonprofit mailers to partner with third-party, commercial fundraising firms while still retaining the ability to mail at nonprofit postal rates. Previously, if a nonprofit group entered a joint venture with a for-profit company, any resulting mail would be ineligible for the nonprofit rate.
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