grants and donations
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1. Explain with examples the differences between grants and donations?
2. Explain with examples the FASB and GASB treatment of grants?
3. Be specific in providing your explanation with examples.
4. Explain with a couple of examples on not-for-profit organizations' issues with cash donations?
5. Be specific in providing your explanation with examples.
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- A private not-for-profit entity sends a direct mail solicitation for monetary donations. Other information is included with the mailing. Under what conditions can the organization report part of the cost of this mailing as a program service cost rather than as purely a fund-raising cost?Considering the importance of financial record keeping, which financial documents do you need keep, file and report? Which method is best for creating and organizing them in a timely and accurate way? Why are these documents so important for your grant writing, foundation proposals, and other funding events? How do these documents enhance credibility and reputation with potential funding sources?Please answer with reason for all why the option is correct and why the other options are incorrect 13. An increase in net assets for a not-for-profit organization that would be labeled exchange revenue rather than support is: A. A donation. B. Special events. C. A pledge. D. Investment income.
- 3. Charity Navigator (https://www.charitynavigator.org) is a website dedicated to providing information regarding not-for-profit charitable organizations. After reviewing the website, explain how not-for-profit organizations are rated. Explain why there is a need for the type of information provided by Charity Navigator. Choose one to two charities listed in the website. Explain the information provided about the charity (financial and nonfinancial), the rating of the charity, and any other relevant factors.How does a voluntary health and welfare organization account for donated goods and cash contributed for operating purposes ? What types of revenues are recognized by voluntary health and welfare organizations ?Give examples of the sorts of constraints donors may place on how NGOs utilize the resources they donate.
- What are the needed qualities for individuals in charge of governance in a charity organization? Use relevant examples in explaining your answer.Which statement below best describes the entities that can accept donations from the public and provide donors with documentation to allow them to claim a tax deduction in respect of their donation? a. A local state school. b. A private hospital. c. Only entities classified as a deductible gift recipient (DGR) as they meet the necessary requirements to be registered by the ATO. d. Any not for profit organisation.please answer fast What are the three categories of contributions based on donor intent?
- Which one is not related to Non-profit organization? Select one: a. Sales in market b. Community service c. Religious service d. MuseumsSome VHWOS and ONPOS combine educational and program brochures with their fundraising mailings and charge part or all of the cost of the mailings to program services. Why? Also, when is this permitted by GAAP?Which of the following statements is correct? Endowments are provided as donations which only allow a not-for-profit organization to invest in. other not-for-profit organizations only. Endowments are donations that are received with the provision that it will be invested and only the investment income may be spent by the organization. O Endowments may be restricted and unrestricted funds which must be used in accordance with the wishes of the contributor and only available during the life of the donor. Endowments are unrestricted donations which can be used for any purposes that are consistent with the goals and objectives of the not-for-profit organization.