2020 Year-End Planning for Not-for-Profits

Posted on Jul 7, 2020

We hope this letter finds you healthy and safe during this unprecedented time. As your organization continues to operate, consider some of the regulatory changes affecting not-for-profit organizations.

Donor Acknowledgement Letters

Please remember to send a contemporaneous written donor acknowledgment letter to all donors who contributed to the organization during the tax year. The IRS has disallowed charitable contribution deductions when the donor does not have the contemporaneous donor acknowledgment letter required by IRC §170 or when the letter fails to include the required information, including the quid pro quo language.

Click here to read the full year-end planning letter.