What type of information must be disclosed when a nonprofit organization receives donations?

In Washington, nonprofit organizations must disclose certain information when they receive donations. Under Washington’s Nonprofit Corporation Act, nonprofits must make available to donors certain information, including the organization’s name and address, its federal tax identification number, and its IRS registration status as a charitable organization, if relevant. Within 30 days of receipt of a donation, the nonprofit must also provide the donor with a written statement including the amount of the donation and a description of any goods or services provided by the nonprofit in exchange for the donation, the estimated market value of those goods or services, and whether the donor can receive a tax deduction for the donation. The nonprofit must also provide donors with certain donor disclosure statements. These statements must include the name and address of the person to whom the donation was made, the date of the donation, and the amount of the donation. Additionally, if the nonprofit uses a professional fundraiser, the nonprofit must provide the donor with the name of the professional fundraiser, as well as the name and address of the overall fundraiser, if different from the professional fundraiser. Failure to provide the required information could result in serious penalties for the nonprofit, such as loss of its nonprofit status.

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What type of information must be disclosed when a nonprofit organization receives donations?

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