Those of us who work in the nonprofit sector sometimes point out that nonprofits employ 10% of the of American workers. But did you know that the growth in nonprofits during the last decade exceeded that of for profits by a ratio of 50:1? According to the Urban Institute, between 2001 and 2011, the number …
Posts Tagged: tax-exempt organization
Federal Funding Comes With Strings Attached
Nonprofits that receive federal grant money are subject to certain restrictions and regulations that other nonprofits are not. For example, federal grant recipients commonly have to undergo specialized audits that confirm government money is being used appropriately. Further, federal grant recipients must not engage in religious activity that would violate the constitutional separate of church …
Naming Rights Motivate Donors, But Also Lawsuits
If your organization has ever considered offering naming rights to motivate donors, just know that if you offer it, you better mean it. Last week jurors ruled that Integris Hospital had to not only return a $500,000 donation from Garth Brooks, but also had to pay an additional $500,000 in punitive damages. According to Brooks, …