Pro Bono Partnership of Atlanta
When you applied for 501(c)(3) status for your organization, you had to tell the IRS what charitable services you were going to provide, whom you would serve and whether you planned to charge fees (which had to be reasonable). The IRS granted 501(c)(3) status to your organization based on that information. Now in the age …
Nonprofits are often drawn to the idea of being ‘self-sustaining.’ Alternative revenue streams—like charging fees for services or partnering with for-profits—can sound appealing as ways to diversify income. But public charities must maintain broad donor support, and too much revenue from non-donation sources could even put their tax-exempt status at risk. In this episode of …
Are you considering conducting commercial type activities – maybe a thrift store or a coffee shop, or selling goods or services of some kind? The IRS has developed short podcasts on various subjects to educate its employees and has made these podcasts available to the public. This podcast explains how the IRS evaluates commercial type …
The new buzz word in the nonprofit §501(c)(3) sector seems to be “self-sustaining.” Boards, foundations, and other stakeholders are asking how nonprofit §501(c)(3)’s can generate income and become self-sustaining. The goal of this webcast is to help nonprofits understand the potential risks of selling goods or services and to provide insights into options for doing …
In 1982, Paul Newman founded Newman’s Own, a for-profit corporation created to sell food products and donate 100% of the profits to charity. What started as a boutique operation has grown into an international business with over $350 million in revenues. Many people consider Paul Newman to be one of the original pioneers in the …