Tag: tax-exempt status

February 19, 2025 by Barbara Dillon

Nonprofit and Tax-Exempt Entities

State laws govern nonprofit statuses, while federal laws govern tax-exempt statuses. If you want to apply for exemption from taxes, you will need to figure out whether your organization is categorized as a trust, corporation, or an association.

March 9, 2021 by Barbara Dillon

Nonprofits and Restricted Funds

Donors have the right to set restrictions on the donations they give to a nonprofit. Grant funders want to make sure their funds are spent on agreed-upon programs. Nonprofits have to ensure these funds are spent in a way that donors support.