Welcome to your daily briefing on nonprofit developments in South Carolina. Today we're covering 6 key stories including updates on south carolina nonprofit headlines, background & context. Let's dive in.
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The Central Carolina Community Foundation is mobilizing charitable giving to build a stronger community through its available grant opportunities.
SC nonprofit professionals can access funding to advance their missions and expand community impact across the region.
The South Carolina Department of Education provides a dedicated webpage for grants information under its finance section.
SC nonprofit professionals working in education and youth development can monitor this state resource for potential funding opportunities and fiscal guidance.
The South Carolina Association of Counties maintains a grants page with resources for county officials and employees seeking grant funding and low-interest loans.
Nonprofit professionals in SC who partner with or seek funding through county governments can use this resource to understand available funding channels and connect with the right agencies.
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The streamlined Form 1023-EZ is available only to organizations meeting specific limits on projected revenue, assets, and activity types. Filing 1023-EZ when ineligible produces a determination that is technically valid but vulnerable to retroactive revocation if discovered. The full 1023 is harder to file but harder to challenge.
Loss of exemption is retroactive to the original determination, exposing the organization to back-tax liability. The eligibility checklist is the only protection.
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.
Most states require charities soliciting donations from their residents to register before solicitation, regardless of where the charity is based. "Solicitation" includes web fundraising pages accessible to residents, not just direct mail. Compliance gaps surface during state attorney-general inquiries or unrelated litigation discovery.
Penalties range from civil fines to suspension of solicitation rights in the state. Larger consequences include negative coverage in donor research databases that fund foundation grants.
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