Fundraising Events: What Is Deductible

http://www.massnonprofit.org/expert.php?artid=1968&catid=19

Charitable Contributions and Tax Deductiblity

Here is some material on Charitable contributions and tax deductibility. Please understand that nothing we provide should be considered or should substitute for appropriate legal advice.

http://www.hurwitassociates.com/l_qa_charitablecontributions.php

http://www.labyrinthinc.com/SharedContent/SingleFaq.asp?faqid=44

http://www.sumptionandwyland.com/faq/charitable_deductions.html

http://nonprofit.about.com/od/fordonors/tp/taxdeductionsforcharity.htm

http://books.google.com/books?id=tiVT-vLYIesC&pg=PA195&lpg=PA195&dq=what+about+legal+and+insurance+requuirments+special+events&source=bl&ots=Act7dg8V1w&sig=zPivfv6fVFsYCxsI9E1cZw33144&hl=en&ei=3tP6SuuHN4uinQe-tun2DA&sa=X&oi=book_result&ct=result&resnum=2&ved=0CBcQ6AEwAQ#v=onepage&q=&f=false

There is a variety of material on the IRS site.

http://www.irs.gov/pub/irs-pdf/p1771.pdf

http://www.irs.gov/charities/charitable/article/0,,id=123204,00.html

http://www.irs.gov/pub/irs-pdf/p561.pdf

http://www.irs.gov/pub/irs-pdf/p526.pdf

http://www.irs.gov/pub/irs-tege/pub4302.pdf

More

http://www.boardsource.org/Knowledge.asp?ID=3.135

http://www.pgdc.com/pgdc/the-art-donating-art-the-charitable-contribution-art-antiques-and-collectibles

http://www.nonprofitlaw.com/fund/gift.shtml

http://nplawcast.com/2008/10/nonprofit-law-podcast-46-charitable-receipts/

Some material on 509a3

Some material on509a3 Type 1,2 and 3.
We also have some material on 5o1 C's here

Just a reminder that nothing we provide should be considered or should substitute for legal advice.

From the IRS

http://www.irs.gov/pub/irs-tege/509a3guidesheet.pdf

http://www.irs.gov/charities/article/0,,id=137609,00.html

http://www.irs.gov/irm/part7/36016001.html

From Wikipedia

http://en.wikipedia.org/wiki/Supporting_organization_(charity)

From other sources.

http://www.pgdc.com/usa/item/?itemID=379917

http://www.liebertpub.com/pgtoday/pgt/articles/how_to_entice_your_entrepreneurial_donors.htm

Related vs. Unrelated Business Expenses

Q: What is the difference between business activities that are taxable and those that are not?

A: While pursuing a cause, a nonprofit organization may accrue some profit. This profit is considered tax-exempt, as it is a result of business related activities that prove beneficial to the given cause. Any profit that may come from business activity not related to the mission of the organization may be subject to taxation. There are exceptions in which unrelated activities will not be taxed, such as tasks performed by volunteers, the sale of donated merchandise, and/or the rental of mailing lists.

However flexible this rule may be, nonprofit organizations are often cautioned to lessen their unrelated business activities, as not to provoke inquiries from the IRS about tax-exempt status. It is also suggested that you seek legal advice before pursuing business activities as means to cultivate your mission or increase annual income.

For more information, please consider the following sources:

Publication 557: http://www.irs.gov/publications/p557/index.html
Exempt Organizations (UBI) Tax Statistics: http://www.irs.gov/taxstats/charitablestats/article/0,,id=97210,00.html