can the tax exempt organization do fund raising to a particular individual(not member/nonrelated personal)? if so, does the tax exempt org still recognize revenue from the fundraising event if the entire profit distribute to the particular individual?
Hello! Thanks for reaching out. To answer your question, fundraising cannot be conducted to benefit a specific individual. Fundraising should benefit a large charitable class.
can the tax exempt organization do fund raising to a particular individual(not member/nonrelated personal)? if so, does the tax exempt org still recognize revenue from the fundraising event if the entire profit distribute to the particular individual?
Hello! Thanks for reaching out. To answer your question, fundraising cannot be conducted to benefit a specific individual. Fundraising should benefit a large charitable class.