The IRS will look at the payment made to a nonprofit by a corporate sponsor and decide whether the payment is a tax-free gift (charitable contribution) or a taxable advertising payment. The IRS focuses on whether the corporate sponsor has any expectation that it will receive a “substantial return benefit” for its payment. If so, the payment will result in taxable income for the nonprofit that is reported on IRS Form 990-T.
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The end of year giving season is upon us. With nearly a third of donations about to roll in - follow this guide to writing your best appeal yet. Inside are the must-dos + a free download example on what a winning appeal looks like #fundraising #fundraisingappeal #nonprofit #nonprofitfundraising #donations #campaign
Following is a sample ‘thank you’ for donation letter to be sent to a company. Feel free to customize this thank you for donations letter with your group’s specific information as needed. (More fundraising letters.) Dear ______ Thank you. You may remember our request for a donation for our school science fair. […]