NON-PROFITS: It isn’t too early to think about your end-of-the-year fundraising

As you strengthen your relationship with your organization’s supporters, emphasizing those tax deductions can be especially appealing to your donors. Tax breaks are major influencers to your supporters. Charitable donations are tax-deductible expenses and must be itemized. If your donors have any questions about filling out a Form 1040 Schedule A, advise them to consult with their tax preparer on claiming their deductions and the percentage limits on their particular overall tax deductions. Such limits include:

· Generally, you can deduct cash contributions in full up to 50% of your adjusted gross income.
· Generally, you can deduct property contributions in full up to 30% of your adjusted gross income.
· Generally, you can deduct contributions of appreciated capital gains assets in full up to 20% of your adjusted gross income.

The excess of these limits on Charitable contributions can possibly be carried over for a maximum of five years. Individuals still need to consult their tax preparers regarding their particular situation. Here is a great article published by Network for Good entitled “Holidays in July: Get a Jump on End-of-the-Year Fundraising” by Rebecca Higman and Julie Stofer, that lists some great tips on kicking off your holiday fundraising right now. http://www.fundraising123.org/article/holidays-july-get-jump-end-year-fundraising

www.kymgmoore.com

Free Nonprofit 911 Training Sessions!

Sign Up Now for These FREE Nonprofit 911 Training Sessions

Date/Time
Training
Registration

Tuesday, July 13
1 pm ET
Join Beth Kanter and Allison Fine, authors of The Networked Nonprofit for a discussion of How to Use Social Media to Accomplish More with Less
Call includes a book giveaway
RegisterNow

Tuesday, July 20
1 pm ET
The Upside of Irrationality
Are your donors as rational as you think they are?
with Dan Ariely, author of Predictably Irrational and The Upside of Irrationality
RegisterNow

For more information about the services, seminars and other non-profit helpmates from Network for Good, check out their website: http://www1.networkforgood.org/.

Why Nonprofits Must Get Involved in the 2010 Census

It is imperative that nonprofits get involved in the 2010 Census. Why?

1. Programs helping people through a myriad of ways, that would enrich their lives, receive federal funding based on the census. Your local community could potentially lose millions of dollars should there be an undercount in your area, based on census data.

2. Nonprofits have a tremendous opportunity to influence their constituents in the communities they serve, into completing the Census form in order to avoid undercount.

3. Legislative and Congressional districts are redrawn according to count. If there is an undercount in the communities many nonprofits serve, this could lead to underrepresentation.

For more information on how nonprofits can mobilize communities for the 2010 Census, go to http://www.nonprofitscount.org/.

We urge everyone to expeditiously complete and return their Census forms when you receive them. This does not apply to nonprofit participation only. For more information on why the Census is so important, visit http://2010.census.gov/2010census/.