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.
One condition that must be met to receive financial aid is that a student must make Satisfactory Academic Progress (SAP). One of several measures of SAP is called âPaceâ and is the rate at which you are progressing through your program of study. Pace is determined by dividing the cumulative number of credits you have earned by the cumulative number of credits you have attempted. The resulting Pace percentage minimally must be as follows to receive, or continue to receive, financial aid: 65% for freshmen and sophomores.