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

When a donation is made to a nonprofit organization in Washington, certain information must be disclosed. This information includes any written agreement associated with the donation, the name of the nonprofit organization, and the purpose for which the money is intended to be used. Additionally, the donor must be informed of any conditions attached to the gift. For example, if the donor wishes to specify that the funds should only be used for a certain program, this must be discussed and reflected in any official documents. The nonprofit organization must also inform the donor of any potential risks associated with the donation. For example, if the organization will be using the money to pursue a new project or program, the donor must be aware of the potential risks associated with failure. Additionally, the nonprofit must disclose its plan for managing the money and any potential conflicts of interest that may arise. It is also important to note that any written agreement associated with the donation should include a provision that allows the donor to reclaim their gift if the nonprofit organization is found to be engaging in any conduct that may be deemed unethical. This should not be taken lightly, as the organization may be subject to investigation and penalties if any misconduct is discovered.

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

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