One of the most cumbersome parts of charitable giving, for both the donor and the organization, is gathering and providing tax receipts. For nonprofit organizations, it’s a constant process to thank people for giving their hard-earned money. The good news is if you have tons of thank you notes and receipts to send, it means you are receiving lots of donations. Keeping up with all the communication, however, can have you feeling like you’re in the middle of a never-ending wedding. You appreciate every gift, but your hand hurts from writing so many thank you notes and your spouse isn’t helping.
If you’re a donor, you know this process is just as tedious. You have to keep up with receipts for every donation you give. You may give $20 here and $20 there. At tax time, all those donations add up, but if you’re like some of us, the hunt for every letter and receipt can be exasperating. Electronic receipts can help, but you’re still left combing your inbox if you haven’t set up a good filing system. If you’ve given relatively small donations, you simply may not have taken the time to organize.
Simplify Giving with Real-Time Tax Reporting
One of the ways you can improve donor services is by providing your supporters with receipts that are easy to capture and gather at tax time. Here’s why:-
When donors are able to give to whatever organization they choose through one platform, the receipt process becomes much easier. All their donations are gathered in one place. If that platform integrates with a device donors are already using, like a mobile phone, it encourages even more donations. Donors may be more likely to give if they know their tax deductible donations will be easy to track.
Nonprofit organizations that rely on donations for sustainability need to set up giving mechanisms with the donor in mind. Making it easier for the donor to report the donation to the IRS is too often an overlooked component to the giving process. Whether you use the uBack dashboard or another method, taking the time to focus on simplifying the reporting process can provide significant value for those people that matter the most – your donors.
See why nonprofits are using uBack to Make Giving Easier on their donors.
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