Nonprofit Resources
Nonprofit Issues Newsletter, December 2018
Insight on current nonprofit issues and opportunities.
Qualified Charitable Distribution Trap for IRA Checkbook Holders
There’s a potential pitfall for IRA owners whose account is with a custodian that provides the owner with a checkbook they can use to write checks on their IRA account.
Here’s what your organization should know about this issue as the end of the year approaches.
Challenges in Auditing GIK
Assessing a nonprofit’s policies and procedures related to valuing material gifts-in-kind (GIK) transactions is an important part of an NFP audit. Because there is no single source of pricing that is appropriate for valuing GIK donations, it falls on the NFP to arrive at an appropriate estimate of fair value.
These key considerations can help.
Newsbit
Fran Brown Named Managing Partner in Strategic Leadership Transition
We are pleased to announce that Fran Brown has been appointed Managing Partner of CapinCrouse, effective January 1, 2019. Gregory B. Capin, Partner, Chairman, and Interim CEO, will retire as a partner of the firm on December 31, 2018. He will continue to serve as an advisor to the firm.
This strategic leadership transition positions the firm for future growth through a continued focus on its mission of serving organizations whose outcomes are measured in lives changed.