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Keep Your Gift Acceptance Policy Strong

Planned Giving

Read on for a few simple steps to build or strengthen your gift acceptance policy. What is a Gift Acceptance Policy? A gift acceptance policy serves as a transparency tool for your organization to understand which gifts your nonprofit is prepared to warmly accept. What does a Gift Acceptance Policy Contain?

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Only the Top 1% of Nonprofits Accept Gifts of Real Estate

Planned Giving

Instead, it can structure the transaction so that the donor transfers title directly to the buyer through a directed close. Takeaway: Nonprofits can accept real estate gifts without ever holding the property directly, reducing liability and complexity. Promote this option through donor communications, events, and online content.

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Your Open House on Gifts of Real Estate

Center for Major Gifts

While these words, though seen frequently, are valid, rarely are they fulfilled more meaningfully than through a gift of real estate to the nonprofit you cherish most. Anyone can make a gift of real estate as long as the nonprofit’s gift acceptance policy allows it, and the property is in marketable condition; ideally free of debts.

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501c.yada, yada, yada

Sharpshooter Communications

There are probably a million loopholes through and around these requirements. Therefore, in addition to a notification requirement , Type III supporting organizations must pass separate responsiveness and integral part tests. I’ve included the links. I am NOT an accountant. I am NOT an attorney. 501c4: Social Welfare Organizations.

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Financial Audits for Small Nonprofits By: Kellie Brungard, GPC

Assel Grant Services

Disclaimer of Opinion – This type of report shows a company is not compliant with GAAP guidelines and portrays gross misstatements on its assets and liabilities. improving policies and procedures and strengthening internal controls). This report means the auditor thought they couldn’t issue a definitive opinion on the nonprofit.

GPC 40
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Why Are Nonprofits Experiencing An Insurance Crisis? And What Can the Nonprofit Sector Do About it?

Blue Avocado

Lower liability insurance limits First, the community-based nonprofit sector generally must carry lower limits of liability insurance. Most insurance companies have reinsurance in order to protect their solvency and transfer a portion of their liability to the reinsurer. The answer is fourfold.

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Should You Accept ANY Type of Nonprofit Donation? (And How Should You Gracefully Decline a Gift?)

Get Fully Funded

You either get a credit card donation through your organization’s website or you receive personal checks from donors sent to your organization’s office or P.O. Here’s where a Gift Acceptance Policy can help (more on that in a moment). Either way, your Investment Policy will outline how donated stocks and bonds are handled.

Donation 119