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What Nonprofits Need to Know About the New Overtime Ruling

Blue Fox

Over the past month, we’ve answered these questions a lot: How will changes to the federal overtime law will affect my organization? Before we delve into how the new overtime law affects the nonprofit industry, know that not all states have the same guidelines. (This also applies to the for-profit social enterprises we serve too!)

Law 96
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How To Write A Great Donation Receipt For Your Nonprofit

CauseVox

For example, “ Your contribution is tax-deductible to the extent provided by law. Summit Assistance Dogs is a 501(c)(3) organization and since you received no goods or services, your donation is tax-deductible to the extent allowable by law. Example #2: Loma Public Education Fund’s ‘KEEP! xxx@xxxxxxxxx.org.

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Happy Birthday! The Charitable Deduction Turns 100

ASU Lodestar Center

The war effort was thereby funded by wealthy families. The resolution opens with the observation that the deduction “is one of the oldest preferences in tax law.” in organizational sociology at the University of Minnesota with a study of the causes of nonprofit organization closure. How does the deduction work?

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How Does Limited Liability Affect a Nonprofit

ASU Lodestar Center

In particular, “nonprofit” is a term associated with state law, while “tax-exempt” is a term associated with federal tax law. While LLC laws vary from state to state, an LLC generally: Doesn’t need to file an annual report. Of particular importance, Arizona LLC law does not currently permit the organization of nonprofit LLCs.

Law 49
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When Your Powers Combine: Why Nonprofit Mergers Should Not Be Feared

NonProfit Hub

It helps to consult with an attorney to make sure the transaction is in compliance with all your local state laws. Then, the nonprofits will have to address how the financial assets will be merged, including what will be transferred to general operating funds, what happens to assets and liabilities and how gifts will be transferred.

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Your Cause Camp 2018 Lineup is Here

NonProfit Hub

Vu’s passion to make the world better, combined with a low score on the Law School Admission Test, drove him into the field of nonprofit work, where he learned that we should take the work seriously, but not ourselves. She also teaches in the philanthropy graduate program at Saint Mary’s University, Minnesota, USA.

Causes 40
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Juneteenth Resources

Media Cause

NAACP + NAACP Legal Defense Fund —The National Association for the Advancement of Colored People is a civil rights organization formed as an interracial endeavor to advance justice for African Americans. The Legal Defense Fund (LDF) is America’s premier legal organization fighting for racial justice. . The Color of Law.