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Corporate Partnerships & The Law: Registration & Reporting Requirements ??

Selfish Giving

requested guidance on in the Selfish Giving / Accelerist Partnership Law Survey you completed last spring. A company that conducts this type of charitable sales promotion is regulated under state charitable solicitation laws as a “commercial co-venturer” (“CCV”). [1] Law § 171-a(6). TV, mail, radio). New York Exec.

Law 147
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Corporate Partnerships & The Law: Unrelated Business Income Tax (UBIT)

Selfish Giving

requested guidance on in the Selfish Giving / Accelerist Partnership Law Survey you completed last year. Unrelated business income tax, known as “UBIT,” is the tax imposed on income generated from certain business activities undertaken by a tax-exempt organization.[1] UBIT affects traditional corporate sponsorships (e.g., $X

Law 147
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The Fundraising Trends of 2019 You Don’t Want to Miss

NonProfit Hub

DAFs involve donors who gain tax benefits as a result of taking part in charitable contributions. This is a result of tax law reforms that introduced a program that allows small DAFs to minimize their tax liabilities by taking part in charitable contributions. Active social media usage and working with influencers.

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Discovering The Tax Implications of Nonprofits Owning For-Profit Businesses

The Charity CFO

However, your nonprofit may engage in revenue-generating activities that don’t relate to the purpose of your organization. The money that comes from these activities is known as unrelated business income because it’s earned from activities that are unrelated to your exempt mission.

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Cancelling Student Debt Is Necessary for Racial Justice

NonProfit Quarterly

Amid growing debt and a stagnant economy, 2022 has seen a resurgence of student debt activism pushing for total cancellation. And student loans are the second-largest type of US personal debt, next to mortgages: approximately 45 million borrowers hold $1.74 trillion in student loan debt.

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Sponsorship v. Donations: The Drawbacks and Benefits

NonProfit Hub

Your nonprofit will receive flexible funding to support various activities. A charitable donation usually signifies that someone believes in your work. Of course, this is subject to tax laws. Companies can donate either with or without meeting a member of your team. The donor’s gift may be tax deductible.

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Best Practices when Accounting for Grants

The Charity CFO

The IRS has strict regulations on how to handle grants and charitable contributions, so it is essential that you understand the best practices when accounting for them. Use the grant in a manner that complies with all applicable laws and regulations. When accounting for grants, it is important to track expenses diligently.