As if planning for a fundraising event, such as a silent auction or an annual dinner, wasn’t already one of the busiest times on the calendar for a charity organization, there is the required records and correspondence that needs to be addressed to keep your organization on the up and up with IRS rules. IRS rules? I didn’t know the IRS had rules regarding my fundraising event! What do I do now? How do I comply?
Here is a short summary of some of the records and bookkeeping that fundraising generates: