Nonprofit donation reporting

New Reporting Requirements for Nonprofits Gifts in Kind

New Reporting Requirements for Nonprofits Gifts in Kind

On September 17, the Financial Accounting Standards Board (FASB) issued an accounting rule that will provide more detailed information about noncash contributions charities and other not-for-profit organizations receive known as “gifts in kind.” Here are the details. Need for change Gifts in kind can play an important role in ensuring a

Sonya Foster2021-04-12T14:53:31-06:00October 20th, 2020|

Does Your Nonprofit Properly Report Donations?

Does Your Nonprofit Properly Report Donations?

Your not-for-profit probably already ensures that donors receive a receipt with information about claiming a charitable contribution deduction on their tax return. But your obligations may go further than that. For noncash donations, you might have responsibilities related to certain tax forms. Here are some tips on how nonprofits should

Sonya Foster2021-04-12T14:56:23-06:00June 19th, 2018|