The IRS has started asking for minutes of board meeting during the first phase of an audit. They are currently seeking information on how focused the board is on the mission compared to finances and other matters. Of course, you can't go to a board meeting without spending a little bit of time on … [Read more...]
Do You Need to Register In States in Addition to Illinois?
If you are a non-profit organization and solicit donations in other states, you need to register your organization with that state. This is an often-overlooked regulation when soliciting donations. If you don’t register with the state where you are soliciting donations, you do so at your … [Read more...]
Do You Need to Register in Other States?
If you are a non-profit organization and solicit donations in other states, you need to register your organization with that state. This is an often-overlooked regulation when soliciting donations. If you don’t register with the state where you are soliciting donations, you do so at your … [Read more...]
Overall Giving Declined in 2018 According to Giving USA
By James Provenza Giving USA has issued its annual report for giving, and the news for 2018 was somewhat troubling. Overall giving was down 1.7% from 2017. We suspect there are several reasons for … [Read more...]
What is “Charitable Trust Doctrine” in Chicago, IL?
When you give to a nonprofit for the purpose of continuing its good work, especially as part of your estate plan, how do you know it will be used as you intended? business people handshake with laptop computer and clipboard on desk after finishing up a business meeting contract in office … [Read more...]