Nonprofit & Government Times
THIRD QUARTER, 2019
IN THIS ISSUE
Welcome. We’ve all heard the saying, “The only thing that is constant is change.” As we transition from the more relaxed days of summer to the busyness of fall, I can’t help but think about how true this is for nonprofits as they have to constantly adapt to new challenges and opportunities in every season. It’s no surprise that the results of our 2019 Nonprofit Pulse Survey reflect this landscape of change – and the need for innovative ways to manage it. We’re excited to unveil the findings of the survey, Change Management for a New Era , at our annual Nonprofit Industry Update on October 3. I encourage all of you to join us for this full day of learning and networking. In the meantime, I hope you enjoy this issue of Nonprofit & Government Times , which is always aimed at helping organizations succeed among all the changes and uncertainties. In this issue, you’ll learn about accepting cryptocurrency donations, using predictive data in your fundraising initiatives and dealing with recent changes from the IRS. If you have any questions about these topics or other matters of importance to your nonprofit organization, please reach out to me or another member of our Nonprofit, Government & Healthcare Group.
2 CRYPTOCURRENCY : Considerations for Accepting Gifts of Virtual Currency Sibi Thomas & Matthew Estersohn 5 FORM 990-T FISCAL YEAR FILERS : Why Did I Get This Notice? Magdalena M. Czerniawski & Robert Lyons 7 THE TAXPAYER FIRST ACT OF 2019 : What Exempt Organizations Need to Know Magdalena M. Czerniawski 9 Improving FUNDRAISING Efficiency with DATA ANALYTICS Xixi Dong 12 Is it Time to UPDATE YOUR FORM 990 Compensation Study? Magdalena M. Czerniawski 15 GASB STATEMENTS 88 & 89 Philip Marciano 17 Meet the MARKS PANETH TEAM
HOPE GOLDSTEIN CO-PARTNER-IN-CHARGE, NONPROFIT, GOVERNMENT & HEALTHCARE GROUP 212.503.6351
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