Is a year-end contribution receipt necessary if the donor was another non-profit organization?

Is a year-end contribution receipt necessary if the donor was another non-profit organization?

Comments for Is a year-end contribution receipt necessary if the donor was another non-profit organization?

Click here to add your own comments

year-end contribution receipt for any donor
by: Lewis in NC

It is necessary to account fully for all donations, not just some of them.

Regardless of the transaction being between two nonprofits, each nonprofit should have an accounting system exercising the principle of full disclosure of all transactions within their own set of books so to speak.

So, yes, it is necessary.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Contributions Q&A.