Welcome to your daily briefing on nonprofit developments in Indiana. Today we're covering 7 key stories including updates on india nonprofit headlines, india nonprofit updates, background & context. Let's dive in.
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The Community Foundation of Southern Indiana now accepts grant applications throughout the entire year to help nonprofit organizations fulfill their missions and address community needs.
IN nonprofit professionals gain flexible, ongoing access to funding without being constrained by traditional grant cycles.
The Lilly Endowment provides grants to support community foundations and United Ways in their efforts to enhance quality of life and prosperity for Indiana residents.
Indiana nonprofit professionals working in community development can leverage this established funding stream to expand their impact and build organizational capacity.
Reach professionals in this market
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The Council on Foundations has published a legal framework summary for nonprofit organizations in India, including translated legislative provisions to help foundations and advisors complete IRS equivalency determinations for foreign grantees under Revenue Procedure 2017-53.
Indiana foundations making international grants can use this resource to satisfy IRS requirements and reduce compliance burden when funding Indian NGO partners.
Instrumentl maintains an updated grant database with 160+ active funding opportunities for 501(c)(3) organizations across Indiana, including Indianapolis, Fort Wayne, and Bloomington.
Indiana nonprofit professionals can streamline their grant research by accessing a single, regularly updated source of statewide funding opportunities rather than searching multiple platforms.
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Unrelated business income tax applies when an activity is regularly carried on, is a trade or business, and is not substantially related to the exempt purpose. Common surprises: corporate-sponsored events with naming rights that look like advertising, affinity credit-card royalties that include co-marketing services, and gift-shop sales of items unrelated to the mission.
UBIT exposure can cost both tax and exempt status if the unrelated business becomes substantial. The line between sponsorship (excluded) and advertising (included) is narrow and case-specific.
Form 990 is required to be made public by the filing organization on request and is indexed by ProPublica and others within weeks of filing. Sections most boards underestimate: Schedule J (top-staff compensation), Schedule L (transactions with interested persons), and Schedule O (narrative explanations that "soften" other answers). Donors and reporters read these.
Items that read fine in management's narrative often read very differently in print. Pre-filing review by a non-finance board member catches optics issues that a CFO will not.
The IRS-recommended COI policy requires (1) annual disclosure by all directors and key employees, (2) a process for review of any disclosed conflict, (3) recusal procedures, and (4) documentation in board minutes. Policies that have only the disclosure form without the review and recusal process do not satisfy the recommendation.
A weak COI policy is a Schedule L disclosure waiting to happen, and Schedule L disclosures correlate with future IRS examination selection.
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