On December 20, 2015 we posted about a proposed federal regulation that would require nonprofits to collect donor social security numbers. Fortunately, the Treasury Department and Internal Revenue Service has announced that they have withdrawn the proposed regulation. A big part of their decision came from the 38,000+ comments from the public against the regulation.
As a group, 215 nonprofits urged for a withdrawal. The National Council of Nonprofits applauded the nonprofits for speaking up and are celebrating the power of nonprofit advocacy.
If the regulation would have passed, nonprofits would have had to submit an annual “Donee Report” to the IRS by February 28th with donors that made contributions of $250 or more. In the report information such as addresses and social security numbers were to be included.
To read the PCNRC’s original post on the topic, click here.