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Ask the Legal Expert

Laura Solomon answers nonprofit professionals’ questions in this interactive webinar. Ms. Solomon dedicated this first session to a discussion of state registrations, acknowledgment requirements, and corporate sponsorships.

In summary, solicitations made in 39 states and the District of Columbia may require registration and annual reporting; monetary donations of $250 or more require written acknowledgement; the description of in-kind donations must be included in an acknowledgement; and qualified sponsorship payments, net of any benefit received in exchange for the donation, are exempt from unrelated business income tax (UBIT). For more details on these topics, we encourage you to watch the video.

To view the slides of the presentation, please click here (pdf).

The corporate sponsorship worksheet referred to by Ms. Solomon can be found here (pdf).

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