Fundraising from America - Part 2

  • 204 views
Uploaded on

Fundraising from America - Part 2 …

Fundraising from America - Part 2
"Managing the Fundraising"

This part is designed for everyone involved with 501(c)(3)
governance, management and fundraising, including board
members, officers and development staff. This is also suitable for organisations wishing to learn the requirements and the benefits of a 501(c)(3) prior to obtaining a 501(c)(3) status.

Content:

- What are the responsibilities of Directors & Officers of a 501(c)(3)?
- Banks, Brokerage and Credit Cards
- Stationary, Receipts & Donor Forms
- IRS Audit. Liability Insurance.
- What is a Registered Agent ?
- Board Meetings, Annual Meeting, Whistle Blowers, By laws.
- Trademarking.
- Anti-Money Laundering Strategy
- Sanctions and Anti-Terrorist Guidelines, Conflict of Interest, Document Retention.
- Programs & grant making.
- Form 990. Public Support Test.
- State of Incorporation, State Registration.
- Events & Auctions
- Saying Thank You

Slides taken from November 19th, 2013 Webinar

A recording of this webinar presentation is available. Please contact websupport@chapel-york.com for further information

**Legal information, not legal advice**

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
  • i would like organizations ,individuals and other well wishers to help me raise funds for my charitable and relief organization which religious
    Are you sure you want to
    Your message goes here
    Be the first to like this
No Downloads

Views

Total Views
204
On Slideshare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
6
Comments
1
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Chapel & York Limited FUNDRAISING FROM AMERICA WEBINAR SERIES PART 2: Managing the Fundraising
  • 2. Chapel & York Webinar: Managing the Fundraising [Recap] Opportunities USA is a huge philanthropy opportunity, fantastic tradition of philanthropy, highest percentage of givers and highest levels of giving in the world. 2012: $316 bn Americans inside & outside the USA expect to be asked to donate to charity. Grant making Foundations expect to be asked for money and the larger foundations fund huge projects throughout the world. Americans are amazing fundraisers, will form a committee and put on an event and set very high targets for their fundraising if they really believe in your organization.
  • 3. Chapel & York Webinar: Managing the Fundraising [Recap] If an individual taxpayer wishes to make a grant to a nonprofit set up outside the USA, AND GET A TAX DEDUCTION, the donor can make a donation to an accommodating Public Charity and suggest the recipient. It can only be a suggestion. If the Public Charity doesn’t have full discretion & control over the funds it becomes a conduit, and no tax deduction. The US non-profit must establish that the non-US charity is a suitable grantee under US law.
  • 4. Chapel & York Webinar: Managing the Fundraising [Recap] SO YOUR CHOICE IS…… If you want to attract donations from American taxpayers for your organization you must either (a) work with an existing US Public Charity that will accept donations and consider a suggestion of a non-US charitable recipient, or (b) set up an accommodating US Public Charity to support you.
  • 5. Chapel & York Webinar: Managing the Fundraising [Recap] (1) WORK WITH AN EXISTING PUBLIC CHARITY E.G. American Fund for Charities www.americanfund.info The American Fund retain a percentage of each donation to cover its overheads. Minimum retained $50. Up to $10,000 7.50%. Next $90,000 5.00%. Over $100,000 $2.5%. Maximum retained from any donation generally $10,000. Evaluation $250. Annual Renewal $150. No management or governance obligations but no name recognition, no individual listing online on GuideStar and no individual listing by IRS etc.
  • 6. Chapel & York Webinar: Managing the Fundraising [Recap] (2) SET UP A PUBLIC CHARITY TO SUPPORT YOUR ORGANIZATION You are setting up an entirely independent organization in the USA. You can refer to it as a (brother or) sister organization, but should avoid getting into the habit of calling it “our ....”
  • 7. Chapel & York Webinar: Managing the Fundraising [Recap] REQUIRED TO SET UP: Name, Incorporate in a US State, identify Board of Directors, appoint a Registered Agent. Apply for tax exempt status (Form 1023). Negotiate with IRS. May take several months. 501(c)(3) status, when granted, is “good” for all 50 States plus DC. Chapel & York can set up a Public Charity for you. The current cost is £8,310 plus VAT.
  • 8. Chapel & York Webinar: Managing the Fundraising What are the responsibilities of Directors & Officers of a 501(c)(3)? - Act in accordance with the bylaws - Ensure board members approve activities undertaken by 501(c)(3) - Annually elect officers who may also be directors - Ensure that State & Federal Returns are prepared and filed
  • 9. Chapel & York Webinar: Managing the Fundraising 501(c)(3) FINANCIAL ADMINISTRATION: - Banks & Banking - Credit Cards - Brokerage Account for gifts of stock
  • 10. Chapel & York Webinar: Managing the Fundraising Stationery, Receipts and Donor Forms
  • 11. Chapel & York Webinar: Managing the Fundraising Receipts for donations
  • 12. Chapel & York Webinar: Managing the Fundraising IRS AUDIT DIRECTORS’& OFFICERS’ LIABILITY INSURANCE
  • 13. Chapel & York Webinar: Managing the Fundraising WHAT IS A REGISTERED AGENT? A person authorized by a US State to receive legal notices on behalf of a corporation
  • 14. Chapel & York Webinar: Managing the Fundraising ANNUAL MEETING - Appointment of Directors, Officers - By Laws - Board Meetings, Minutes -Whistle Blower
  • 15. Chapel & York Webinar: Managing the Fundraising LICENCE AGREEMENTS, REGISTERING NAME / LOGO Safeguard your organization’s name by trade marking it (in every State).
  • 16. Chapel & York Webinar: Managing the Fundraising ANTI-MONEY LAUNDERING STRATEGY Don’t accept significant anonymous donations. Retain the name & home address and other contact details of every donor
  • 17. Chapel & York Webinar: Managing the Fundraising SANCTIONS & ANTI-TERRORIST GUIDELINES Conflict of Interest Document Retention
  • 18. Chapel & York Webinar: Managing the Fundraising PROGRAMS & GRANT MAKING
  • 19. Chapel & York Webinar: Managing the Fundraising Form 990: 990 Postcard income under $50,000; 990EZ receipts under $200,000 & assets less than $500,000; 990 receipts $500,000 or more
  • 20. Chapel & York Webinar: Managing the Fundraising PUBLIC SUPPORT TEST 2% of total income over 5 years from individuals, companies, private foundations public charities and state or federal government plus interest from investments is calculated. If the total given by any individual, company or private foundation or earned from interest is more than 2% the excess is disregarded. A computation is then made which consists of a fraction, the numerator of which is all the donations minus the disregarded excess, divided by the denominator which is all the donations received. The remainder must be 33.3% or more for the organization to be a public charity. - Unusual Grants, 10% Facts & Circumstances.
  • 21. Chapel & York Webinar: Managing the Fundraising STATE OF INCORPORATION
  • 22. Chapel & York Webinar: Managing the Fundraising STATE REGISTRATION Most States have some requirement for 501(c)(3)s to register if they are planning to operate or to solicit charitable gifts from people or organizations resident in or located in the State. All States have different rules.
  • 23. Chapel & York Webinar: Managing the Fundraising EVENTS Sales Tax US non-profits are exempt from sales tax in some US States
  • 24. Chapel & York Webinar: Managing the Fundraising AUCTIONS Donors (successful bidders) may take a tax deduction on the difference between the fair market value and what they pay BUT they must know the fair market value before they bid.
  • 25. Chapel & York Webinar: Managing the Fundraising SAYING THANK YOU
  • 26. Chapel & York Webinar: Managing the Fundraising Today’s webinar presenter was: David Wickert: +44 1342 871915 david.wickert@chapel-york.com Further information about all Chapel & York’s services can be found at www.chapel-york.com For latest information about our publications, seminars, workshops, webinars and much more, please follow us on Twitter @chapelyork