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I will start with an apology to those who may have read my request on Fundsvcs. I couldn't find in their archives what I was looking for. Can anyone answer my questions on this subject as to best practices, IRS rulings and/or guidelines etc? Thanks!!!!
We are in the process of evaluating departmental policy for records retention specifically in regards to donor gifts, copies, signed fund contracts, plus any additional documentation that I may not have thought of… As we are in an age of electronic copying and storage, I would also like to know if scanned documents are sufficient in some instances. Does the IRS have rulings or do they have only guidelines on records retention for non-profits? If there are sample policies available in the archives on the website, please point me in that direction for my “sleuthing”.
Thanks, Margaret
mswhitaker@novanthealth.org