CAN's finance and accounting programs are designed to to measurably improve the accuracy, consistency and clarity of financial reporting, thus reducing time and financial costs and improving accountability and public trust in California's nonprofit sector.

Another goal of this program is to promote a dialog and create a community of nonprofit finance professionals so please post questions and comments!

Tuesday, July 11, 2006

Latest questions from a Boot Camp

Can a 501 (c) 3 donate to a 501 (c) 6?
If the missions are similar then we think yes, it should not be an issues. You said if I remember rightly that it was some old office equipment. If all the items to be passed on are fully depreciated then it really wonÂ't be a problem either way since there is technically no book value moving between the organizations.

Is a home office deductible if used for a charity?
Unfortunately no, just the cost of materials used (paper, ink, staples and such).

Have there been any changes to SFAS 116?
No new changes, it is still in effect.

Anybody have different answers?

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