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.
Florida passed PACE-enabling legislation in 2010 and there are five active programs operating in the state â all of which offer commercial financing, and two that offer residential financing. After resolving a FL Supreme Court case regarding PACE bond validation, residential and commercial PACE is flourishing in the state.