What type of information must be disclosed when a donation is made to a nonprofit organization?

When donating to a nonprofit organization in California, individuals should be aware of the specific information that must be disclosed in order to be compliant with the law. This information must be provided in order for donations to be accepted by the organization. First, the donor is required to provide the name and address of the donor, either verbally or in writing. This information is necessary to ensure the organization can verify the identity of the donor and send them a receipt for their donation. Secondly, donors must provide a description of the type of donation they are making, such as a cash donation, a donation of property, or a stock donation. A donor can also provide a description of the purpose of the donation – whether it is intended for a particular program or purpose. Lastly, donors must provide the fair market value of their donation. It is important to note that the IRS has its own rules and guidelines for determining this value and that donors should consult a tax professional or the nonprofit organization they are donating to in order to determine the fair market value of their donation. In addition to the above information, there are several other California state-specific rules and regulations to be aware of when making donations to nonprofits. It is important that donors do their research and make sure they are aware of all the required information that must be disclosed when making a donation to a nonprofit organization.

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What type of information must be disclosed when a donation is made to a nonprofit organization?

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