Partnerships: Policies and Procedures
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Gift Planning
Sole Proprietorship: Policies and Procedures
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Community Foundations
A community foundation is a tax-exempt, nonprofit, autonomous, publicly supported, nonsectarian philanthropic institutio
Estate Tax exemption for 2015
The basic federal estate-tax exclusion amount for estate of people who die in 2015 is $5,430,000, up from $5,340,000 in 2014.
In Kind: Who, Why, When
WHO: One could be excused for thinking that donors of limited means would be the only sort to donate tangible property, but in fact virtually any donor is a prospect for in-kind gifts. Some examples:
In Kind: How It Works
Acceptance of an in-kind gift imposes a legal obligation on your organization: You have to comply with the terms established by the donor. As such, it's in your interest to be certain that the nature and extent of all obligations are clearly understood by both parties and are established in writing.
Questions to answer before you accept an in-kind gift:
In Kind: How to Accept
Early in any conversation with a potential donor about an in-kind gift, make certain the tangible personal property they are considering as a gift is an item that can be used in the course of your organization's business.
In Kind: Assets that Fund
Many donors may not be aware that by making an in-kind gift they can receive a charitable tax deduction. But it's true: gifts of tangible or intangible personal property (other than cash or securities) are deductible under federal tax law.
Assets that commonly make good in-kind gifts include:
In Kind
In-kind gifts--that is, gifts of tangible personal property (TPP) other than cash or securities--should always be welcome and encouraged.