|
|
The Nonprofit FAQ
>
Development
>
-
What's Going On Here?
We're revising the Development section of the Nonprofit FAQ to better serve the needs of the Idealist community. If you have a suggestion for a topic/item or improvement on an existing topic/item, please contact yuting@idealist.org!
-
Where can I find pro bono legal advice?
The American Bar Association maintains a state-by-state list of organizations that facilitate finding pro bono assistance. This item also includes advice on other strategies for finding low-cost assistanct that may be useful.
-
Can donated equipment be deductible for the donor?
Donations are deductible if made to a recognized 501(c)(3) organization, or one that meets the qualifications of such.
-
Can we seek inkind donations online?
There's a website that offers some help with that. And some suggestions of straightforward techniques.
-
Can I Get a Tax Deduction if I Charge a Nonprofit Below-Market Prices?
In general 'no.' Deductions only reduce tax liability on income that has actually been received.
-
Is it Possible to Receive a Deduction for a Gift of Services?
In general, the answer is 'no.' A deduction cannot be taken when no income has been earned.
-
How should we acknowledge in-kind gifts?
Enthusiastically, of course. But there are some errors that must be avoided in this specialized area. Auctions require further attention.
-
How long must you keep an in-kind gift?
There is no time limit, but if a large gift is disposed of within two years, there is a form that must be filed with the IRS.
-
Strategies to Encourage and Find Donations of Equipment
Ideas for getting office equipment beside going to the store.
-
Can a business receive a tax-deduction for an in-kind gift?
Yes, but in many cases, such gifts are treated as business expenses, which is often simpler and just as effective for the donor.
-
Is it possible to get computer equipment donated?
A posting from the early years of the FAQ which may offer some useful suggestions.
-
How can I get software donated?
Some companies make donations to specific kinds of nonprofits and there are some organizations that distribute donations broadly among nonprofits; some of both are listed here.
-
How to value donated goods.
A gift acknowledgement, or receipt, must accurately describe the gift in kind but no monetary amount should be mentioned.
-
Can we sell donated equipment and use the proceeds?
The feelings of the donor as well as federal regulations must be considered when determining the use of a donation.
-
Are there organizations that help with donated equipment?
There are programs that do this in several cities.
-
What about car donation programs?
Car donation programs can be effective for both donors and charities. New rules place new limits on such programs from January 1, 2005.
|
|
