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This Concept Map, created with IHMC CmapTools, has information related to: Gifts and Donations, Accountability Advise donors of the donation value and tax implications. And Ensure donations are used within the intentions of the donor., Gifts and Donations What procedures should I follow when dealing with gifts and donations? ???? Disclosure Clearly disclose how the nonprofit benefits from the sale of products or services (i.e., cause-related marketing) that state or imply that a nonprofit will benefit from a consumer sale or transaction., Gifts and Donations What procedures should I follow when dealing with gifts and donations? ???? Compensation Nonprofits shall not accept compensation or enter into a contract that is based on a percentage of contributions., Obtain permission of donor before altering the use of funds. Additionally Any member receiving funds on behalf of a donor must meet legal requirements for disbursement of those funds., Gifts and Donations What procedures should I follow when dealing with gifts and donations? ???? Accountability Advise donors of the donation value and tax implications., Compensation Nonprofits shall not accept compensation or enter into a contract that is based on a percentage of contributions. And Nonprofits shall not accept finder’s fees or contingent fees. In this context, a finder's fee is defined as a fee paid for bringing a donor or a contribution to a not-for-profit organization., Ensure donations are used within the intentions of the donor. And Record and report donations in a timely manner., Gifts and Donations What procedures should I follow when dealing with gifts and donations? ???? Spending There is no requirement that a public nonprofit spend a specific minimum amount of funds in the year in which the funds were raised, so long as the public nonprofit made no representations that it would do so. , Disclosure Clearly disclose how the nonprofit benefits from the sale of products or services (i.e., cause-related marketing) that state or imply that a nonprofit will benefit from a consumer sale or transaction. And Respond promptly to and act on complaints about fundraising practices, privacy policy violations, and other related issues., A public nonprofit must use its funds for the purposes for which they were solicited. For Example A public nonprofit that raises funds to support relief efforts after a particular natural disaster should not then divert those funds to other purposes, no matter how charitable., Record and report donations in a timely manner. And Obtain permission of donor before altering the use of funds., Spending There is no requirement that a public nonprofit spend a specific minimum amount of funds in the year in which the funds were raised, so long as the public nonprofit made no representations that it would do so. However A public nonprofit must use its funds for the purposes for which they were solicited.