While a donation of real estate sounds like a great opportunity – especially if your CAA is tight on space – owning real estate can involve significant expenses and potential liability. Therefore, your CAA should conduct the same degree of due diligence before accepting a gift of real estate as it would if it were buying the property. It is also important to be aware of IRS reporting requirements associated with non-cash gifts in a case where the donor seeks to claim a charitable contribution deduction for the donation.
Responding to Data Incidents
With cybercrime increasing, this question arises more and more often. Many CAAs have moved away from paper records toward electronic systems which contain significant amounts of data, and it isn’t always clear what obligations a CAA has when data within its care is compromised…
