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Depreciable property is a type of capital property, usually used to earn income from a business or property. It is property that is expected to decline in value, or be used over a number of years, such as vehicles, machinery, etc. The cost of this property can be "depreciated" (or "amortized") over...
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A charity’s resources include all its financial assets, staff, volunteers, directors, premises, and equipment.
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An advantage is the total fair market value of all property, services, compensation, or other benefits that a donor receives or is entitled to receive in return for making a gift. The benefits may be contingent or receivable in the future, by either the donor or any person or partnership not...
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A non-profit organization is an association, club, or society that is operated exclusively for social welfare, civic improvement, pleasure, recreation, or any other purpose except profit. It is not a charity. No part of the organization's income can be payable to or available for the personal...
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A donee is the recipient of a gift. See also "qualfied donee" and "eligible donee".
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A source document is an original document that records and reflects a transaction between parties.
Source documents that support the information in the governance documents and financial information include:
e-mails and handwritten memos,
supplier invoices,
expense reports and receipts,
paid...
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