I am so much more comfortable with how our finances are now being handled. Thanks for your help!
Dr. Randy T. Hodges, Senior Pastor
Hernando Church of the Nazarene
In previous postings we discussed both cash and non-cash contributions—how to account for them and qualify them as charitable deductions for your donors. Unquestionably, every charity also depends on in-kind gifts to support its programs, some of which may count as charitable donations, but most will not. Let’s look at the fundamentals of these transactions […]
Last night Tim Raines was interviewed on Jacksonville’s Action News regarding nonprofit organizations endorsing political candidates. In case you missed the interview you can read the transcript at actionnewsjax.com. If you have any questions about what you can and cannot do and still maintain your tax exemption, send us an email ([email protected]) or call us […]
So far in our series, we’ve discussed general rules for documenting charitable donations and the specific details of doing so with cash gifts; this week, we’ll cover non-cash gifts and their documentation requirements. Non-cash gifts (tangible items, real estate or securities) worth up to $500 require only basic support. They have the same documentation requirements, […]
