Disclosure Requirements

In addition to annual information returns, nonprofit organizations are required to disclose information about their operations. The reason behind these requirements is to ensure that each nonprofit organization is acting in a transparent manner. Those items that are subject to disclosure requirements include the following:

  • Substantiation of charitable gifts
  • Quid pro quo contributions (i.e., where a donor pays an amount in excess of the value of goods or services received by the nonprofit entity)
  • Gifts of property
  • Dispositions of contributed property
  • Appraisals
  • Tax shelters

Inside Disclosure Requirements