Regulatory and Legislative Update, Including State Registration & IRS Topics-Webinar Recording

Video Transcription

Video Summary

The video discusses state regulations around fundraising activities, indicating that 40 states require organizations to register. However, exemptions may be available depending on the type of organization, though affiliated foundations may not always qualify. It is crucial for organizations to comply with these regulations, registering each legal entity separately in each state. Consulting legal counsel or nonprofit law experts is recommended. <br /><br />A presentation by John focused on donor-advised funds and quid pro quo for charitable giving. Organizations must follow IRS guidelines when accepting gifts from donor-advised funds and should not offer tangible benefits in exchange for these gifts. Different rules and limits apply when providing benefits to donors based on their contributions. Understanding and adhering to IRS regulations is essential to avoid penalties. The presentation addressed common questions and scenarios, covering topics such as pledges, stewardship gifts, and lifetime benefits. John suggested seeking legal counsel for specific situations and obtaining written guidance. The video emphasized the need for organizations to carefully navigate the complexities of donor-advised funds and quid pro quo to ensure compliance with IRS regulations.

Keywords

state regulations

fundraising activities

register

exemptions

type of organization

affiliated foundations

comply

legal entity

donor-advised funds

quid pro quo

IRS guidelines

gifts

IRS regulations