Saying Thank You Isn't as Easy as It Looks

As much as we want to be warm and fuzzy when thanking our donors, the IRS insists on some important housekeeping tasks as well.

"Donor substantiation" is a mouthful, but skip it and risk some dire consequences. Giving your donor a proper receipt and information about their donation and how much is exempt from taxation will keep your organizational house tidy and provide a service to your donors that they will appreciate come tax time.