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A vocabulary of terms associated with charities
- Campaign Coordinator
The lead volunteer responsible for organizing a Workplace Giving Campaign and communicating with senior management at the workplace.
- Combined Federal Campaign (CFC)
The CFC was established by the United States Government as a way for federal workers to support charities.
- EIN Number
A nine-digit number assigned by the Internal Revenue Service. Every IRS-designated tax-exempt nonprofit organization has its own EIN. The IRS uses this number to identify taxpayers that are required to file various business tax returns. EINs are used by employers, sole proprietors, corporations, partnerships, nonprofit organizations, trusts and estates, government agencies, certain individuals and other business entities.
An umbrella organization representing a larger group of member charities. A Federation has three primary goals:
• Support companies in their quest to make workplace-giving campaigns more efficient, cost-effective and responsive to employees’ charitable interests
• Ensure that donors in the workplace are presented with charitable giving options that meet the highest standards of efficiency, ethics and public accountability.
• Raise more money for member charities, enabling them to provide critical services.
- Financial Audit
A process to review financial statements of a person or an organization to determine their accuracy. An audit results in the publication of a written report on whether those financial statements are relevant, accurate, complete, and fairly presented.
- Fiscal Agent
A federation that handles fiscal matters for a workplace giving campaign including disbursement of pledges to charities.
- Fiscal Services
The process of getting an employee's contribution from the pledge through payroll deduction to the designated charity in workplace giving campaigns
- Fundraising and Administrative Percentage (FRA%)
The percentage of funds used by a charity to cover administrative and fundraising expenses.
Refers to the actions of the volunteer board of directors of an organization with respect to establishing and monitoring the long-term direction of that organization.
- IRS form 990
A form designed for taxpayers and tax-exempt organizations to report financial information to the IRS.
- Private Sector Campaigns
Workplace campaigns that are conducted annually by private corporations or organizations (Sears, American Express, American Airlines, Gannett, Lockheed Martin, Kaiser Permanente and McKesson are examples.)
- State and Local Campaigns
A charitable campaign focused at donors, that include, but are not limited to state, city, county, school district, state funded universities and Department of Public Works employees.
Something that is transparent can be viewed from both sides, one can see light pass directly through it, like glass. In the non-profit sector, this term refers to financial transparency. Non-profits are expected to report all financial activity and use of donations for the public. Many non-profits have such information published on their websites, and most legitimate organizations have full reports ready upon request. Non-profit transparency and accountability is important in fighting against those who abuse non-profit status and in establishing the public’s trust in non-profit organizations.
- Workplace Giving
A program in which employees have the ability to make regular donations to eligible charities through a payroll system. In most instances, employees can choose to donate to any valid 501(c)3 nonprofit they like as long as the organization is eligible to receive tax deductible gifts.
- Workplace Giving Campaign
A cooperative, low-cost fundraising program enabling employees to support charities and the communities they serve through payroll deduction and other giving methods.