Q. What is The Big Give Knox 2023?
The Big Give Knox 2023 is a day of giving fueled by the power of social media and collaboration. The Big Give Knox 2023 is an initiative of United Way of Greater Knoxville.
Q. When is The Big Give Knox 2023?
It will take place all day on November 28th.
Q. Which organizations can participate?
Organizations that are verified 501(c)(3) charitable nonprofits that are headquartered or provide services in Knoxville.
Q. Who can donate?
Anyone may donate. Donations through the The Big Give Knox 2023 online portal to charitable nonprofit organizations are tax-deductible and cannot be refunded. Any donations processed outside of the Giving Day donation period through GiveGab.com, or subsequent recurring donations, are also subject to the transaction fees outlined above. Donations will be received and receipted by Bonterra Tech.
Q. What is GiveGab/Bonterra?
GiveGab/Bonterra is a nonprofit giving platform that helps nonprofits to raise money, engage donors and manage volunteers quickly and efficiently. GiveGab/Bonterra offers a full portfolio of simple and easy to use products that allows organizations to function in a more streamlined manner.
Q. How will donations be distributed?
Each donation made to a participating nonprofit will be disbursed directly from Bonterra Tech on a rolling basis in 5 business days from the donation date.
Q. How much of my donation goes to the nonprofit?
GiveGab retains a 3% campaign management fee from all donations. Credit Card processing fees are an additional 2.5% + $0.30 for all major credit cards (Visa, MasterCard, American Express, and Discover). You are given the option to cover the fees and if you choose this option, 100% of your online charitable gift will go to the receiving organization. All donations are final and cannot be refunded.
Q. Who will receive my contact information?
The organization(s) you choose to support will have access to your name and email address. This information is used solely to send thank you messages, provide the option to receive future notifications, and to notify you of future activities.
Q. Do I need to create an account with GiveGab/Bonterra?
No. You do not need to create an account to make a donation. The benefits of creating an account include having your tax receipts collected in one location, being able to track your donations, follow the charities you support, and engage in future volunteering and donations. Your tax receipt is emailed immediately upon processing your donation. To claim a donation as a deduction on U.S. taxes, you should retain the donation receipt as an official record.
Q. Can I make donations via a mobile device?
Yes! Simply visit https://www.biggiveknox.org on your mobile device.
Q. Can I pre-schedule a donation for The Big Give Knox 2023?
You cannot pre-schedule your The Big Give Knox 2023 gift, but you may make a donation to a participating nonprofit before or after the The Big Give Knox 2023. In order for your donation to be counted towards prize incentives awarded on The Big Give Knox 2023 it must be made on November 28th, 2023.
Q. What if my preferred organization is not listed?
Please send an email to email@example.com to request that we contact your organization of choice.
Q. What is state charitable solicitation registration?
Nonprofits are held to a high standard of government regulation and public scrutiny. And that is with good reason! Eligible 501(c) nonprofits are exempt from federal corporate taxes and have access to public funding. These benefits are not typically available to for-profit businesses, so laws are in place to protect the public and ensure nonprofits do not abuse their financial advantages. The IRS and states all have requirements for nonprofits.
Q. Why is state charitable solicitation registration compliance important?
While 501(c) nonprofits receive key financial benefits, the penalties for noncompliance can be serious. The IRS can revoke a nonprofit’s tax exemption and impose fines that can accrue daily. The states can administratively dissolve a nonprofit corporation and levy steep financial penalties. Perhaps worst of all, an organization can lose out on a grant or large donation because it has not kept itself in good standing.
Taking a proactive approach to compliance helps ensure the sustained success of the organization. The cost of staying compliant is small in comparison to the much larger costs of noncompliance. The saying, “an ounce of prevention is worth a pound of cure” could not be more true in this context.
Q. What are the key aspects of state charitable solicitation registration compliance?
The IRS provides tax exemptions to eligible nonprofits under IRC 501(c). Public charities and private foundations receive 501(c)(3) tax exemption. The IRS scrutinizes organizations when they apply for 501(c)(3) but also ensures that those organizations meet the ongoing obligations to remain eligible. Nonprofits must file a 990 tax form each year with the IRS to disclose their financial data for the year.
Each state has their own set of requirements. Nonprofits are typically incorporated in a given state as a nonprofit corporation. The state in which the nonprofit has incorporated will impose requirements on the nonprofit, and those responsibilities typically span across multiple state agencies. Usually nonprofits must submit an annual filing to the corporations division of the secretary of state, maintain its license to fundraise (charitable solicitation registration), file for a state business license, and maintain state-level tax exemption with the revenue department. As nonprofits expand outside of the state or operate nationwide, they must comply with the same items in each other state as well.
In addition to IRS and state filing requirements, nonprofits must keep adequate records. Keeping accurate and complete records is critical in the event that an organization is audited. It is also common that board members or donors request information from the organization. Finally, records are necessary for submitting applications and renewal filings with various government agencies.
Q. When I check the box on GiveGab to declare state charitable solicitation registration compliance, what am I attesting to?
When you check the box you are attesting (defined as "declaring that something exists or is the case") that your organization is compliant with applicable state fundraising requirements in the states in which you may solicit donors using the GiveGab platform.
Q. Do you have additional resources to reference about state charitable solicitation registration?
Yes! Here are a few more resources from Harbor Compliance to help you:
- Guide and Overview of Many Nonprofit State by State Compliance Requirements
- Guide and Overview Specific to Fundraising Compliance
- National Council of Nonprofits and Harbor Compliance have partnered to create a white paper explaining the state charitable solicitation registration requirements.
- A Quick Summary of Charitable Solicitation in Graphic Form
- Executive Brief: Charitable Solicitation Registration (great for driving awareness and support with leadership and the board)
- State by State Links to the State Organizations that Regulate Charities, Solicitation, and Registrations
Q. How can I ensure my organization receives it's donations?
In order to receive your donations via ACH transfer, GiveGab requires a checking account eligible to receive ACH transfers and withdrawals. Your donations will be deposited within 5 days after the first transfer is successful, which can take up to 7 business days.
Can I add gifts my organization receives offline for Giving Day (cash, checks) to my profile's totals?
Q. Can I add offline donations my organization receives for Giving Day (cash, checks) to my profile totals?
Yes. As a site administrator for your organization, you can add offline donations to the site through your organization dashboard. Follow the steps outlined in this support article: How Do I Add an Offline Donation?