This rule provides for more accurate accounting of property owned by your nonprofit. The IRS also has special rules regarding quid pro quo donations. A quid pro quo donation is a charitable contribution in which the donor receives some good, typically of lesser value, in exchange for the contribution.
Property Assessed Clean Energy (PACE) financing is a financing option available to Los Angeles County property owners fund energy efficient, water-saving and renewable energy upgrade projects through an assessment on their property tax bills.
Currently, 19 states and the District of Columbia have actively operating PACE programs, and there is active PACE-enabling legislation to launch and operate programs in another 24 states.[1] There are residential PACE programs in California, Florida, and Missouri.[2] In a residential program, such as for solar panels, the PACE assessment would ...