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.
Building owners interested in participating in local PACE programs must live in a localities where PACE is offered. If a building owner is approved for a PACE loan, a local government or PACE program provides low interest financing for projects and adds an assessment to the building owner's property tax bill.