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What’s Your End-of-Year Strategy for Planned Gifts of Assets?

Blackbaud

He was a donor to one of our charity clients and we had talked about the possibility of gifting assets to reduce or eliminate tax liability. He was facing a significant tax liability if he didn’t get this completed before the calendar rolled into January. Bunching offers donors the possibility of minimizing tax liability.

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A Little Known Tip for Harvesting Gains and Avoiding Taxes (Legally)

Planned Giving

Bonus Tip: How to Keep Even More of Your Gains Maybe you aren’t ready to part with your stock and would prefer to donate cash instead? This will reduce your future tax liability when you sell the stock. Per below, donating (vs. selling) the stock would save $2,700 in taxes while increasing proceeds to the recipient by $2,000.

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Keep Your Gift Acceptance Policy Strong

Planned Giving

When a donor chooses to give their wealth to your organization, will you be ready? Being specific helps remove doubt as the policy is passed to new interpreters, preserves relationships with donors by offering a board-approved policy instead of a subjective opinion on their gift and avoids unintended liabilities for the organization.

Policy 93
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The downsides of starting a nonprofit organization

Candid

Nonprofits are required by the IRS to keep detailed records, and there is a lot more paperwork for nonprofits than for other organizations, such as Limited Liability Corporations (LLCs). To prepare and gauge your readiness, check out our full article, What are the advantages/disadvantages of becoming a nonprofit organization?

Liability 105
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How Data Analysis Can Help Nonprofits Reach Major Donors

Blackbaud

Once your nonprofit’s enhanced file is ready, you can start analyzing it to find prospective major donors. Net worth takes into account any liabilities the donor has as well as their non-liquid assets (e.g., Use wealth screening to identify prospects.

Nonprofit 111
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4 Tips to Cultivate Major Gift Prospects with Data Analysis

Blackbaud

Once your nonprofit’s enhanced file is ready, you can start analyzing it to find prospective major donors. Net worth takes into account any liabilities the donor has as well as their non-liquid assets (e.g., Use wealth screening to identify prospects.

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

Get Fully Funded

Pay attention to the donor/attendee experience, then weigh out the potential cost and get ready to PLAN, PLAN, PLAN! You may want to host an event like this at a local restaurant that has a liquor license and general liability insurance. Consider how much time and energy it will take to make your event successful.