The grand opening of your homeless shelter was a huge success. As a result, numerous organizations and individuals have approached the board offering donations. Below are a few examples.

Alderman Dennis Metternich offers $50,000 as long as he can mention this beneficence to our shelter in his campaign speeches as he runs for mayor.

Joel Davis would like to provide $100,000 in a lump sum as long as we use his company logo-the Davis Lumber Mill-on our promotional brochures and advertisements.

The Humanitarian General Fund has acquired a $150,000 donation for us from the Church of Jesus Christ of Latter-day Saints. $50,000 is in the form of bibles for the shelter and $100,000 must be spent on food, but we cannot have one without the other.

Discuss whether to accept these offers.

Do these items involve risk for the shelter?

Do these restrictions have any influence on the shelter's nonprofit status? Local reputation? Mission? Operation?

Check the various accounting and financial association Web sites for ethical standards for the operation of nonprofit organizations and within the rules set by the Internal Revenue Service.

Share your recommendations and rationale.

Answer rating: 100% (QA)

Accepting donations for a nonprofit homeless shelter can be both beneficial and challenging Lets discuss each offer and its potential implications 1 Alderman Dennis Metternichs 50000 donation with a c... View the full answer