Nonprofit Resources
Key Federal Tax Figures for 2023
January 18, 2023 - Our 2023 Key Federal Tax Figures summary is designed to be a helpful reference tool throughout the year. Download or print your free copy.
GLBA Updates and Insights for Higher Education Institutions
December 14, 2022 - There are important steps higher education institutions should be taking now to become compliant with the Gramm-Leach-Bliley Act (GLBA) and reduce their cybersecurity risk. Watch this video to learn about important considerations related to regulations that are becoming narrower in scope and more specific.
FTC Extends Compliance Deadline for Certain Provisions of the Safeguards Rule
November 18, 2022 - The deadline for compliance with certain provisions of the Safeguards Rule component of GLBA has been extended by six months to June 9, 2023.
Mastercard Significantly Modifies Recurring Giving Requirements
October 18, 2022 - After previously announcing changes to its requirements for merchants that use subscription or recurring billing, Mastercard has altered its requirements to apply only to organizations with excessive chargebacks.
New Report Cites Continued Pandemic Relief Refund Delays at the IRS
September 20, 2022 - A recent report found that due to continued processing delays at the IRS, many entities have not yet received pandemic relief benefits, including those related to the Employee Retention Credit (ERC) and Sick and Family Leave Credits.
Mastercard Provides Clarification and Extension on Recurring Giving Rules
September 13, 2022 - Mastercard clarified that its new requirements for subscription payments apply to nonprofit recurring gifts and extended the effective date for nonprofits by six months.
IRS to Provide Automatic Penalty Relief for Certain 2019 and 2020 Returns
September 8, 2022 - The IRS announced that it will provide automatic penalty relief for certain 2019 and 2020 returns filed no later than September 30, 2022.
Reminder: FISAP Due September 30, 2022
September 7, 2022 - The deadline for submitting the Fiscal Operations Report (FISAP) for 2021-22 and Application to Participate for 2023-24 is Friday, September 30, 2022.
Implementing the Changes in Module R2T4 Regulations
July 20, 2022 - The U.S. Department of Education has implemented changes for modular withdrawals of R2T4 funds. Here’s what higher education institutions need to know about the changes, which are being tested during this audit cycle.
ED Provides Guidance on Repurposing Previously Spent HEERF Grant Funds
June 30, 2022 - Updated FAQs from the Department of Education state that beginning on or after March 15, 2022, institutions may repurpose previously spent HEERF(a)(2) grant funds to unobligated (a)(1) institutional grants.
