Course Description:
Many nonprofits routinely seek cash contributions from generous donors and friends of the organization, but what if the organization is offered an alternative asset instead? With an ever diverse and expanding market of securities, investments and other assets being held by donors, nonprofits need to analyze the risks and rewards of accepting various types of non-cash donations. In this session we will review traditional investment holdings such as partnerships and S-Corporations, newer asset types such as digital currency and NFTs, and other unique asset types. We’ll discuss the risks to consider when accepting and holding these types of donations and what additional reporting requirements they may trigger.

Learning Objectives:

• Identify nontraditional asset types held by donors that may be offered in lieu of cash contributions to nonprofit organizations.
• Analyze the risks and benefits of accepting nontraditional donations.
• Assess additional tax reporting requirements that may result from the acceptance of non-cash donation types.
• Discuss best practices for accepting, holding, and managing nontraditional assets and alternative investments.

Presenters:
Kim Hunwardsen, CPA, Partner-in-Charge of Tax-Exempt Services | Eide Bailly
Kim has close to thirty years of experience delivering tax services to healthcare providers and nonprofits, working closely with tax-exempt organizations to provide comprehensive tax consulting, planning and compliance expertise. She provides practical advice to clients in addressing the impact of changes to tax law and compliance and reporting requirements. Kim consults on mergers and acquisitions, formation of tax-exempt entities, unrelated business income studies, compensation and benefits issues, IRS examinations, charitable giving and restructuring healthcare systems and community health needs assessments.

Christine Perez, CPA, Senior Tax Manager Exempt Organizations | Eide Bailly
Christine is a senior manager in our exempt organization tax practice and a member of Eide Bailly’s National Tax Office. Christine has more than 10 years of public accounting experience working with a variety of tax-exempt organizations and assisting with tax compliance and strategy as well as providing technical research and analysis. She assists nonprofits with applications for and the reinstatement of tax-exempt status, unrelated business income studies, annual compliance and other tax-related issues.