nonprofit

What should I know about Donor-Advised Funds?

What is a donor-advised fund (DAF)?
According to the IRS, a donor-advised fund is an account of contributions made by individual donors but maintained and operated by a sponsoring 501(c)(3) organization. Once the donor makes a contribution, the sponsoring organization has legal control over it, but the donor retains advisory privileges with respect to the distribution of funds and the investment of assets in the account.

IRS Offers Free Phone Forums for Tax-Exempt Organizations

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The IRS is hosting a series of free conference call discussions on 501(c)3 related subjects. Topics include tax rules for volunteers, filling out Schedule K, and how to maintain tax-exempt status. Space is limited; registration is required.

Charities and their volunteers
July 17, 2 p.m., EDT
Tax rules that come into play in the sometimes complex relationships between charities and their volunteers.

Charitable giving in USA up 1.5%

According to the Nonprofit Times' recent analysis of the latest Giving USA report, total charitable giving is up 1.5% in the United States.

For a fun visual breakdown of the report's findings, check out the Benefactor Group's "A Good Year for Giving" infographic.

The Mine fellowship applications open

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A new social entrepreneurship program, The Mine, is now accepting applications for fellows. The program is a partnership between the OU Center for the Creation of Economic Wealth, The Lobeck Taylor Family Foundation, the George Kaiser Family Foundation and The Forge (TYPros' business development center). All of The Mine programming will be hosted at The Forge office.

Overhead Myth: Call to Action

Three of the nation’s top nonprofit information providers, GuideStarCharity Navigator, and BBB Wise Giving Alliance, have teamed up to release a letter that urges donors to end the “overhead myth”—the use of overhead ratio as a measure nonprofit performance.

Read the letter and learn more about the “Overhead Myth” and how your nonprofit can help end it at the official Overhead Myth website

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