Researching foundations will take time, even when you know where to look. However, research is a vital step for organizations seeking grants. When you understand when, where, and whom a foundation supports, you can use this information to support your decision whether to apply for funding or not. The best and most efficient us of your time […]
Researching Grant-Makers Read More »
Letter of Inquiry A letter of Inquiry (LOI) is a 2-4-page document that summarizes your organization’s mission, history, program description, need, goals, target population, funding request and budget. The LOI is a quick way for you to introduce yourself and your charitable program to a potential funder. It’s also a resourceful way to open up
Writing a Letter of Inquiry Read More »
Whether your nonprofit organization is newly formed or firmly established, growth and development plans should be a continuous process. The good news is, there are many planning tools to help you. The best way to understand your current position and future direction is to develop any number of the following planning documents. Business Plan
4 “Must Have” Planning Documents Read More »
Charitable solicitation refers to the act of asking for something of value. Soliciting can take many forms, such as requesting contributions or donations at fundraising events, through direct mail, by phone, email, radio, and television ads. Initiating online fundraising on your website (via a “Donate” button) or through social media also constitutes charitable solicitation. Another
Charitable Registration Requirement Read More »
Understanding “UBIT” As it relates to the 501(c)(3) tax-exempt organizations, the IRS approves tax exemption which allows these organizations the ability to generate non-taxable income, including income that is earned by the organization for delivering products or services in furtherance of its mission. Generally, income that is earned which does not further the mission of
Unrelated Business Income Tax (UBIT) Read More »
