Hey Greg, Great video and plug for St Jude, I actually got to tour the main hospital in Memphis some years back. My nonprofit focuses on donors looking for naming rights to buildings and websites. I really think you should let a lot of nonprofits out there know that they will need to get their 501(c)(3) status from the IRS or they will be subject to the Corporate Transparency Act in 2024.
Thanks for this video. I have on further question. Registering in order to fund-raise? Must it be done in the state where your non-profit is registered? In my case that is Texas. Or must we register in everystate where our potential donors live? From the video sounds as though I need to register in every state. Appreciate your time and efforts.
It's not just the state in which the organization is located. It's most anywhere you are drawing donations from. Fortunately, most charities are exempt in Texas from registration. It has a registration system, but only for law-enforcement related charities. If you are cultivating donors or patrons in other states, however, you may have a multi-state registration requirement. See our video on "Don't Under or Over-Register for Charitable Solicitations" on our channel.
If a donor in another state has a relationship with one of our beneficiaries and decided to donate through our nonprofit ministry, do we then need to register a solicitations certficiate in that state?
Probably not if this is a one-off. If you intend to cultivate that donor for future gifts, even if pass-through, you may trigger a registration requirement.
If you need help filing for IRS 501(c)(3) status, we’d love to help. Fill out the form at bit.ly/3i6rFxz or give us a call at 888-361-9445.
New subscriber. I didn't know that foundations had to register in every state they receive funds from 😮.
Hey Greg, Great video and plug for St Jude, I actually got to tour the main hospital in Memphis some years back. My nonprofit focuses on donors looking for naming rights to buildings and websites. I really think you should let a lot of nonprofits out there know that they will need to get their 501(c)(3) status from the IRS or they will be subject to the Corporate Transparency Act in 2024.
This is valuable information
Thanks for this video. I have on further question. Registering in order to fund-raise? Must it be done in the state where your non-profit is registered? In my case that is Texas. Or must we register in everystate where our potential donors live? From the video sounds as though I need to register in every state. Appreciate your time and efforts.
It's not just the state in which the organization is located. It's most anywhere you are drawing donations from. Fortunately, most charities are exempt in Texas from registration. It has a registration system, but only for law-enforcement related charities. If you are cultivating donors or patrons in other states, however, you may have a multi-state registration requirement. See our video on "Don't Under or Over-Register for Charitable Solicitations" on our channel.
@@FoundationGroup Thank you so much. I didnt know about registering in order to fund raise. I will watch the video your recommend.
I really appreciate the information thank you
Glad it was helpful! Thanks for watching.
Good
Thanks!
If a donor in another state has a relationship with one of our beneficiaries and decided to donate through our nonprofit ministry, do we then need to register a solicitations certficiate in that state?
Probably not if this is a one-off. If you intend to cultivate that donor for future gifts, even if pass-through, you may trigger a registration requirement.
@@FoundationGroup Thank you.
how much are you obliged to give as donation from non profit private?
Private foundations are required to give/spend at least 5% of net assets every year for charitable purposes.