As we approach the end of the year, many nonprofits experience their highest level of donations. This rush of individual gifts, and holiday vacations, can sometimes slow down organizational processes of depositing and receipting gifts. For almost all types of gifts, this delay has no tax consequences. For example, if a donor mails a check …Read More
Last time, we looked at credit card gifts and some of the problems with these gifts…including the credit card fee. We left off with an equation for figuring the amount Doris should charge to her credit card so that after the 2.5% credit card fee, the charity winds up with $10,000: X – .025X = …Read More
Last time, we looked at credit card gifts…and some of the problems with these gifts. There’s one more problem, a common problem, with credit card gifts, which arises when the donor wants to establish a gift annuity with a credit card. Let’s take the case of Doris, aged 79, who wants to set up a …Read More