Not-for-profit organizations always appreciate the generosity of donors. Receiving a cash gift is simple, but some donors offer illiquid gifts, such as real estate or jewelry, which can be costly and complicated to accept. Having a formal acceptance policy can determine when an organization should or should not accept a gift.
Sign up for CPA Letter Daily
The latest CPA news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.