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All applications must be submitted on the appropriate forms.
Please carefully review the four-phase grant application process to fully understand how our grant process works and which forms nonprofits must complete by the deadlines indicated.
Prospective donors, their financial advisors, and rating organizations routinely read Forms 990.
What most charities do not recognize, and take advantage of, is the opportunity to use the Form 990 as a marketing tool.
The Taxpayer First Act, signed into law by President Trump on July 1, requires charities to electronically file all returns in the Form 990 series (Return of Organization Exempt from Income Tax) and Form 8872 (Report of Political Contributions).
Finally, and most importantly, the Act increased the charitable contribution deduction limit for an individual donating cash to a charity from 50% of adjusted gross income to 60%, something from which many taxpayers doubtlessly will benefit.
With the promise of higher donations from high-net-worth taxpayers (who have also benefited from the Act’s tax cut, in general), charitable organizations should seize this opportunity by using the Form 990 to achieve higher ratings and reach the widest audience possible.
Natalie Roberts is an estate planning and tax attorney at Johnson, Pope, Bokor, Ruppel & Burns, LLP.
In order to take advantage of the opportunity to publicize its merits, an organization should plan well ahead of the due date for the filing.
The Form 990 is due four and a half months following the end of the organization’s fiscal year.