When it comes to large donations for special philanthropic projects or goals, clarity is essential for both satisfied donors and responsible nonprofit organizations. The recent case of Register v. The Nature Conservancy (Dec. 9, 2014), which was decided by a Kentucky federal trial court, amply demonstrates this principle.
May your organization advertise its membership dues as “tax deductible?” Individuals considering memberships often want to know whether dues may be deducted from their income as a charitable contribution. Many museums advertise the deductibility of their memberships. Other charities state that only contributions above and beyond the membership dues are tax-deductible. What about your organization? The following paragraphs provide guidance for determining whether an organization’s membership dues may be deducted.
Is the organization the right type?
The W&O Blog occasionally goes outside the firm to seek helpful insight from other experts and innovators in the nonprofit sector. This guest post is by Sherry Quam Taylor of QuamTaylor LLC. Sherry provides organizational and development counsel to equip nonprofit leaders with tangible strategies to grow into the next phase of their mission.