Gifts

Performance Measurement: Average Board Member Gift

By |2018-06-19T08:10:25+00:00June 26th, 2018|Board, Donation, Gifts, Nonprofit, Performance Measurement, Tips|

Dan Montgomery, CPA, provides this week's session of the Performance Measurement video series on the topic of the Average Board Member Gift.

Navigating Requirements for Donor-Restricted Funds

By |2018-07-12T09:09:45+00:00April 24th, 2018|Donation, FASB, Gifts, Nonprofit, Value|

Ross Van Laar, CPA and Assurance Manager at TDT, explains considerations for nonprofit organizations when accepting gifts. With more than seven years of experience, Ross specializes in audits of nonprofits, governmental entities, and employee benefit plans. Nonprofits face unique legal, ethical, and accounting challenges due to requirements for complying with donor restrictions on donations. A [...]

4 Steps to Seeking New Revenue Sources

By |2018-04-17T11:05:04+00:00April 1st, 2018|Board, Budget, Donation, Fundraising, Gifts, Investment, Nonprofit|

Amanda Lane, Tax Manager at TD&T CPAs and Advisors, P.C., provides an overview of managing sources of revenue. Amanda serves social service organizations, colleges and universities, membership organizations and many others throughout Iowa. Where to start? It’s true, all organizations, no matter the type, have one thing in common: they must manage their sources of [...]

How to Account for Non-Cash Contributions as a Nonprofit Organization

By |2018-04-17T10:29:07+00:00March 6th, 2018|Accounting, Donation, Gifts, Nonprofit|

Dan Montgomery, CPA and Senior Assurance Associate at TD&T, explains accounting treatment for non-cash contributions. With more than ten years of experience, Dan specializes in audits of nonprofits, governmental entities, and employee benefit plans. Dan is a member of the American Institute of Certified Public Accountants and the Iowa Society of CPAs, and serves nonprofit [...]

How the New Tax Legislation May Affect Charitable Giving

By |2018-02-27T14:19:38+00:00February 9th, 2018|Deductions, Donation, Fundraising, Gifts, Nonprofit, Tax Reform|

The recently approved tax reform has many implications for American taxpayers, including those who are charitably inclined.   Previous tax law provided a deduction to those who donated to charity while also being able to itemize his or her deductions.  Although the overhaul to the tax law did not directly change the deduction for donating to [...]

Guidelines for When Nonprofits Must Issue Receipts

By |2018-02-09T11:02:53+00:00February 9th, 2018|Donation, Gifts, Nonprofit, Records|

Why are receipts required? Before we take a deep dive into the various situations of when a receipt is actually required, let’s look at why the IRS wants organizations to provide receipts.  For 501(C)(3) organizations that want to remain a public charity they must be publicly supported.  Public support refers to the amount of support [...]

3 Common Triggers for a Business Valuation

By |2018-02-13T15:16:06+00:00February 9th, 2018|Business Valuation, Estate Planning, Gifts, Mergers, Sell, Shareholder|

Remember when you wanted to know the value of that sports trading card or a rare stuffed animal? In the 1990’s, if your friend or colleague told you the Michael Jordan autographed rookie card was worth $2, would you believe them? The reasonable answer is “No,” right? To determine a reliable estimate of value for [...]

Common Strategies when Planning Your Business Succession Plan

By |2017-10-13T15:39:44+00:00August 17th, 2017|Gifts, Preparation, Succession Planning|

Vicki Beckey, CPA, CFF, CSEP, Principal and head of TD&T’s estate department, provides some thoughts on planning for business succession.   Most business owners are busy running their business rather than focusing on business succession.  Business owners need to be thinking about what will happen to their businesses when they retire, die or become unable [...]