It's always important to thank your donors for their contributions, but did you know that the IRS has specific rules about when you must provide acknowledgments and what those acknowledgments should say? Rules differ depending on whether the donor is giving you money or goods, and whether the donor receives something of value (like an event ticket) in exchange for their donation. To find out more, take the online tutorial at http://www.stayexempt.org/course5red/index.html. Another good resource is IRS Publication 1771.
Thanks again! We've said it before we need to say it again... Becky Smith, Fayette FACTOR provides us with a lot of the info that's posted in this blog. She is one of those super people that seems to always be doing something good for some one or some cause. Thanks Becky! - The Fayette Front Page