Summer Philanthropy
Institute
Save the Date - July 20, 2004
This summer, dust off your fundraising green
thumb, grab your philanthropy gardening tools and come grow
with us. The Association of Fundraising Professionals (AFP),
in partnership with the WNC Fund Development Association
and Friends of Mountain History, is proud to announce the
10th annual Summer Philanthropy Institute. This year’s
program focuses on “Growing Western North Carolina’s
Nonprofits.” Join us on Tuesday, July 20,
2004, at the UNCA Owen Conference Center from 8:30
– 4:30 p.m. for what promises to be a wonderful day
of planting and sowing. Come discuss the future of your
nonprofit. Whether you are a seasoned veteran or a struggling
novice, this agenda has something for everyone. We hope
you’ll leave with ideas on how to weed out your troubled
spots, prune your struggling branches, and cultivate your
flourishing areas. You won’t be disappointed in your
investment. Where else can you have so much fun gardening!
We promise no bees, no allergens, and we’ll supply
the fertilizer. Grab your hat and gloves and don’t
be late!
For more information, contact Kelly Brandon,
Committee Chair, at
(828) 255-0696 or spi@afpwnc.org.
The Gift Receipt
Recently, an e-mail message was circulated
that noted the following: “a local philanthropist
reported that the IRS is disallowing a number of his/her
contributions because the non-profit failed to add the "no
goods or services" disclaimer.” This brings up
the importance of the gift receipt and the disclaimer. Here
are examples of disclaimers from local nonprofits:
* "As part of this acknowledgement, the Onmibus Budget
Reconciliation Act
of 1993 requires us to inform you that the organization
has provided you with neither goods nor services in exchange
for your gift."
* "No goods or services of value were received for
this gift, and this contribution is fully tax-deductible."
* "Neither goods nor services were received by the
donor for this gift.
Please note that you will be doing a great disservice to
your donors if you do not include such copy. Most often,
the “goods and services” issue comes into play
usually with special events. For example, if you buy a ticket
to a benefit dinner for $100 and the dinner costs the organization
$50, you have received $50 in “goods” (food),
and you should be receipted for a gift of $50, not $100.
What other language should be included in a gift receipt?
You should also note that you are recognized as tax exempt
under section 501(c) (3) of the Internal Revenue Code and
that donations to your organization are therefore tax deductible
as charitable contributions. A sentence such as this is
useful on both solicitations and receipts: “(Nonprofit
name) is a 501(c)(3) nonprofit organization, donations to
which are tax deductible to the fullest extent allowed by
law.”
Detailed information on the subject of gift receipts and
disclosure is available at a number of places. The Maryland
Association of Nonprofit Organizations has a particularly
easy-to-understand section on IRS rules and nonprofit disclosure
on their website: www.mdnonprofit.org/disclose.htm.
May 19, 2004
Finding Planned Gifts
Where You Never Thought Possible
Nancy V. Brown, J
In this session, Nancy V. Brown, JD, will
help us identify the characteristics of planned giving prospects,
comparing and contrasting them to those characteristics
inherent in major gift and annual fund donors. The focus
will be on how to find your best planned giving prospects.
She also will review research techniques that you can accomplish
on your own to aid you in prospect identification.
Nancy Brown was previously the Senior Philanthropic Advisor
for gifts of $1,000,000 and larger at Harvard Medical School
and Director of Major Gift Planning throughout Harvard’s
$2 billion campaign of which $600 million was raised for
Harvard Medical School. Prior to that she was the Director
of Major Gift Planning at the Headquarters Office of The
Nature Conservancy, representing the Western Region. Nancy
Brown is also a lawyer with a membership in the Bars of
California, Washington, DC and Florida. She practiced law
in the Washington, DC, and Florida offices of Baker &
Hostetler in the areas of estate planning, tax, business
law and real estate.
Next Month:
Trends in Foundations and Fundraising. Dr. Susan Jenkins
is the Executive Director of the Cherokee Preservation Foundation
in Cherokee, NC. The Foundation recently completed its fourth
grant cycle with a total of 150 grants for over $7 million.
Previously, Dr. Jenkins served as Senior Program Director
at the Hitachi Foundation and Program Director at the W.K.
Kellogg Foundation, where she oversaw a multi-million dollar
portfolio focusing on corporate citizenship and rural development,
respectively. Dr. Jenkins has a PhD in Sociology from the
University of Georgia. (June 16, 2004)
Positions Available Reminder
The AFP-WNC Chapter welcomes your job listings!
Postings in the print and Internet versions are free to
chapter members are $25.00 per submission for others. Please
send your notice of 100 words or less to publisher@afpwnc.org
as a Word attachment.
