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This Concept Map, created with IHMC CmapTools, has information related to: Fundraising Events, Grantwriting ???? Resources for Ethical Grantwriting, What do I need to know to conduct my fundraising event? Ethical Concerns Accountability Accountability is important to successful fundraising. Nonprofits should be upfront with donors and participants about the intended use of money raised at special events. Being accountable to donors provides legitimacy to a nonprofit and creates trust with donors. Most donors and funders have specific guidelines for accountability. In addition to adhering to such guidelines, these resources may also be helpful., What do I need to know to conduct my fundraising event? Legal Concerns Liability Nonprofits should take care to protect themselves from liability and lawsuits that can result from special events. Utilizing hold harmless agreements, participant waivers and insurance can help nonprofits be protected. Seek legal counsel before entering into any legal agreement., What do I need to know to conduct my fundraising event? Ethical Concerns Types of Fundraisers Certain types of fundraisers may be legal, but may not be ethical. Fundraiser events that exploit clients or specific populations, that put the nonprofit's employees at risk, or that do harm to animals or the environment should be avoided on the basis of ethical fundraising., Codes of Ethics There are many sector-based codes of ethics that provide a solid foundation for conducting events ethically and legally. These should serve as a guide for any fundraising or nonprofit professional. Ethical Concerns Accountability Accountability is important to successful fundraising. Nonprofits should be upfront with donors and participants about the intended use of money raised at special events. Being accountable to donors provides legitimacy to a nonprofit and creates trust with donors. Most donors and funders have specific guidelines for accountability. In addition to adhering to such guidelines, these resources may also be helpful., What do I need to know to conduct my fundraising event? Legal Concerns See Charitable Solicitations Permit, What do I need to know to conduct my fundraising event? Legal Concerns Raffles Raffles are considered gambling and are illegal in the state of Utah. Some raffle-like events are permitted if the opportunity to win does not require a ticket purchase or donation. If you are unsure whether your event is prohibited under Utah gambling laws, seek legal counsel., What do I need to know to conduct my fundraising event? Legal Concerns Ticket Purchases The tax deductible amount of a ticket purchase to a fundraiser event is the amount of a ticket minus the value of the service provided. For instance, if a dinner valued at $35 is provided with a $150 ticket purchase, the purchaser may deduct $115 as a donation to charity., Accountability Accountability is important to successful fundraising. Nonprofits should be upfront with donors and participants about the intended use of money raised at special events. Being accountable to donors provides legitimacy to a nonprofit and creates trust with donors. Most donors and funders have specific guidelines for accountability. In addition to adhering to such guidelines, these resources may also be helpful. ???? See Transparency, What do I need to know to conduct my fundraising event? Relates to Grantwriting, What do I need to know to conduct my fundraising event? Legal Concerns Sales A local business license may be required to sell items at a charity event. Whether this is required depends upon your local community. Check with your municipality to determine requirements. Sales tax may apply in some circumstances. Nonprofits should also be aware of rules concerning Unrelated Business Income Tax when considering utilizing sales to raise funds. For more information, contact the Utah State Tax Commission or speak with a Certified Public Accountant., Codes of Ethics There are many sector-based codes of ethics that provide a solid foundation for conducting events ethically and legally. These should serve as a guide for any fundraising or nonprofit professional. Ethical Concerns Types of Fundraisers Certain types of fundraisers may be legal, but may not be ethical. Fundraiser events that exploit clients or specific populations, that put the nonprofit's employees at risk, or that do harm to animals or the environment should be avoided on the basis of ethical fundraising.