Managing Donated Funds: Donor Intent, Restricted Funds, and Gift Acceptance Policies - Nov. 14, 2013

Recorded November 14, 2013 Nonprofit organizations that receive contributions need to be familiar with the legal and accounting issues surrounding the acceptance of gifts. Compliance with, and deviation from, restrictions put on gifts by donors have been the subject of much recent litigation and legislation. Organizations must also be knowledgeable about the requirements and burdens surrounding the receipt of different classes of assets, including real estate and closely held stock. This program will focus on recent legal and accounting developments in these areas, as well as best practices aimed at avoiding problems. We will use illustrative examples to highlight practices that work well and those that don't often succeed; provide practical tips for maximizing your organization's flexibility in managing donated funds; and touch on common pitfalls in this field. DISCLAIMER: The contents of this site, including all articles, opinions, and other postings, are offered for informational purposes only and should not be construed as legal advice. A visit to this site or an exchange of information through this site does not create a client-attorney relationship. You should consult directly with an attorney for individual advice regarding your particular situation. ATTORNEY ADVERTISING.