Charitable Donation Strategies for Nonprofits During COVID-19

Posted September 9th, 2020 & filed under Blog.

The whole economy is reeling from COVID-19, but few industries have been as impacted by the novel coronavirus as the nonprofit sector. Social distancing restrictions have forced some charities to shut down their programs or operations.

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FASB Proposes Increased Transparency of In-Kind Donations to Not-for-Profits

Posted March 9th, 2020 & filed under Blog.

On February 10, 2020, the Financial Accounting Standards Board (FASB) proposed a new accounting standard that would increase the transparency of certain types of in-kind donations to not-for-profit entities (NFPs).

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The Impact of Overseas Operations and Fundraising on the Form 990

Posted February 11th, 2020 & filed under Blog.

Oftentimes, organizations that work across borders will come to Clark Nuber with their federal return, only to discover there are a lot more foreign operations reporting requirements than they anticipated.

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Requirements for the Donor Receipt

Posted February 7th, 2020 & filed under Blog.

Issuing a donor receipt seems like a simple task, especially in today’s technological era. Many online giving platforms used by charities issue a receipt automatically, taking the burden off the development staff and reducing a charity’s overhead costs.

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Update on Donor Disclosure Regulations – The Law and Practical Considerations

Posted October 1st, 2019 & filed under Blog.

In July of 2018, the IRS issued Revenue Procedure 2018-38. This new procedure reduced donor disclosure requirements on all organizations exempt under Internal Revenue Code §501(a), other than §501(c)(3) charities;

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