article thumbnail

How Government Grants Are Changing Grant-Making Policies

GrantNews

Specifically, to improve food insecurity and reduce food waste by expanding liability protection for food donors. The goal of the program is to mitigate diesel exhaust produced by school buses. To illustrate, On January 5, 2023, the bipartisan supported Food Donation Improvement Act (FDIA) was signed into law.

Policies 105
article thumbnail

7 Emerging Trends for 2025: Is Your Nonprofit Prepared?

GrantNews

By expanding liability protection for food donors (many of them businesses) vital In-Kind Support has been provided to critical programs to improve the quality of live to local citizens since January 5, 2023. After all, your goals is to make it easy for supporters to donate.

AI 118
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What’s the Cost Behind Starting a Nonprofit Organization in 2025?

Grant Writer Team

Your Nonprofit Organization’s Realistic Goal From legal fees and state filing fees to administrative expenses and initial program funding, the costs of starting a nonprofit in 2025 can vary greatly. Insurance: General liability insurance typically costs $500 to $1,500 annually.

article thumbnail

Do You Have to Pay Taxes on Grant Money?

GrantNews

Navigating the tax framework supporting grant money requires careful consideration to ensure compliance with IRS regulations and avoid potential tax liabilities. While grant money can provide crucial support for achieving your educational, research, or business goals, it’s essential to be aware of its tax implications.

Grants 123
article thumbnail

Nonprofit or LLC: What Distinguishes One from the Other?

GrantNews

So, if your goal is to have a positive impact on your community. In contrast, if your goal is to offer your community beneficial products and services that in turn help you make a profit, an LLC is the better fit. For more details about LLCs, here is a link to the IRS definition of a Limited Liability Company (LLC).

Liability 105
article thumbnail

Which Fundraising Events Bring in the Most Money for Small Nonprofits?

Get Fully Funded

But if the event meets your goals for revenue and awareness, it might be ok. Typically, a Heartstrings Event has one main goal – to ask people for support. You may want to host an event like this at a local restaurant that has a liquor license and general liability insurance. Point blank. Cast a vision for the event.

article thumbnail

The Compelling Advantages of a Charitable Remainder Trust

Planned Giving

By understanding the intricate advantages of CRTs, individuals can leverage these trusts to minimize tax liabilities while supporting charitable endeavors. Selling these items can result in significant tax liabilities. This can lead to higher tax brackets and increased tax liabilities. What is a Charitable Remainder Trust?