Resources

Posted by: Jennifer Becker Harris · Feb 21, 2023

Whether the entity is a newly created private foundation or a public charity that changes its foundation status to private non-operating foundation status, careful planning is needed to meet all the tax requirements.

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Posted by: Cheryl R. Olson · Feb 17, 2023

Community Foundation Saves Over $24k with Sage Intacct

With $1.4 billion in assets under management across thousands of funds, and annual growth of 10% to 20%, Arizona Community Foundation (ACF) struggled to efficiently manage its complex operations using labor-intensive processes and legacy,

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Posted by: Jennifer Becker Harris · Jan 12, 2023

Whether an organization intends to be a private operating foundation from the beginning, or it is a non-operating private foundation or public charity that changes its foundation status to private operating foundation status,

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Posted by: Hillary Parker · Jan 8, 2023

The latest Clark Nuber PS and Leading Edge Global Alliance (LEA) Manufacturing and Outlook Survey was released earlier this year. LEA, of which Clark Nuber is a founding member, is the second largest international association of CPA Firms in the world,

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Posted by: Jennifer Becker Harris · Jan 1, 2023

As organizations near their year‐end, it is time for them to consider how today’s financial actions affect year‐end reporting. Below are some of the items and reminders to consider before year‐end:

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.

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Posted by: Jennifer Becker Harris · Jan 1, 2023

As foundations near their year‐end, it is time for them to consider how today’s financial actions affect year‐end tax strategies. Below are some of the items to consider before year‐end:

Required Distributions of Income

Private non-operating foundations must annually distribute 5% of the value of their average non-charitable use assets each year.

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