The following is a post from Marty, Director of Customer Care at Kindful
It is that time of year! The holidays are upon us. A time when many people slow down, spend time with family, eat too much food, relax, and reflect on a year gone by.
However, we all know in the nonprofit world, this is our time to shine. Everything ramps up in November and December with #GivingTuesday, and final pushes for our donors to make their final gifts this calendar year. With all this end-of-year clamor, the last thing you should have to stress about, is sending out those year-end donation receipt letters (aka year-end tax statements).
In my experience serving the great nonprofits of the United States and beyond, we receive so many questions about creating year-end donation receipt letters for taxes. The good news is the IRS allows you to both mail and email statements. And Kindful makes it easy for you either way. Let us help you make this the best year-end yet!
Who Needs To Send Donation Receipt Letters?
When it comes to sending donation receipt letters for tax purposes, there are two major criteria for nonprofits:
- An organization that receives contributions of $250 or more.
- An organization that provides goods or services to donors who make contributions of more than $75.
Why Is Sending Tax Summaries Important?
First and foremost, the government regulates these in every country where legal nonprofit status is attainable.
Many of your donors are eligible to deduct donations from their taxes. Their year-end tax summary is proof that they made a donation to your cause. So make sure you make it available to them.
How Can I Send A Donation Receipt Letter With Kindful?
To print tax summaries head to the Contacts page. From there, here are eight short and easy steps to print and mail out your tax summaries. These letters are already formatted to be used with a standard #10 envelope (or the option to use a #9 envelope).
To email your tax summaries check out this easy how-to article. Emailing your tax summaries is a cost effective and timely way to get this important information to your donors.
We sincerely wish you the best of luck in these finals days of giving. If we can do anything to help, please let us know. Email [email protected] and we are always happy to make your life easier.
Schedule a live demo with our team, and we’ll show you how easy it is to create and automate reports, utilize online and offline fundraising tools, quickly integrate and access all your data, and ultimately create more time to engage your donors.