Non-profit organizations often rely on in-kind donations of various types to carry out their mission. Should these in-kind donations be recorded in your accounting records? Find out more.
Whether or not nonprofit organizations can refund a donor’s contribution, however, depends on the size of the gift, the state’s regulations, and the impact of returning the gift. Learn more.
As a nonprofit, donations are vitally important, both from a revenue standpoint and for nurturing donor relationships. But should you accept ALL donations extended to your nonprofit? Read more by clicking above.
A donor advised fund (DAF) is a fund that allows a donor to make contributions and recommend grants to charities of their choice through a charitable sponsor. Check out more here.
Since donors play such an important role in the operation of a nonprofit, it is important for your organization to acknowledge each donation for a number of reasons.