Pamela Grow
FEBRUARY 27, 2025
Liabilities. These appear on the statement in order of payment due date, with short-term investments listed above long-term liabilities. On your balance sheet, youll calculate your nonprofits net assets by subtracting your total liabilities from your total assets. Youll typically list these in order of liquidity (i.e.,
Blackbaud
OCTOBER 23, 2024
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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Planned Giving
MAY 13, 2024
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.
Planned Giving
NOVEMBER 2, 2023
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.
Candid
DECEMBER 6, 2022
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?
Blackbaud
NOVEMBER 16, 2023
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.
Blackbaud
DECEMBER 7, 2023
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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