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Set up a policy and not a case by case evaluation as giaour pointed out. Personally, differentiate between charity and non-profit. All charities are nonprofits
by davismwfl 10y ago
Set up a policy and not a case by case evaluation as giaour pointed out.
Personally, differentiate between charity and non-profit. All charities are nonprofits but not all nonprofits are charities. I'd give a significant discount to charities upon proof of status, say 50% off, but not necessarily for non-profits. Think of it this way, your Home/Condo Owners Association is likely a non-profit, so are a number of exclusive country clubs etc, but they are not charities and shouldn't be seen as equal.
Also, having been an exec at a Charity, make sure you also talk to your own accountant as if you follow a set policy like this, and validate proof of status (annually) I believe you are entitled to some tax benefits as well.