Is there a cost in changing the name of an established 501(c)(3) nonprofit corporation? Also, what would the process be to change the name but keep the same Tax ID number?
Normally a change in name of a nonprofit corporation requires an amendment to the Articles or Certificate of Incorporation filed with the state. There is usually a modest filing fee involved.
You will also have to notify the IRS when the change has been effected. A name change alone will not affect your tax-exempt status and will cause the IRS to associate your existing Tax ID number with your organization under its new name. You will also need to notify state taxing authorities and any state with which you are registered to solicit charitable contributions. There is normally no charge for these notifications.
Planned giving sounds complicated, with its CRUTs and CRATs, CLUTs and CLATS, and CGAs. It can be incredibly complicated, but it needn’t be. Keeping it simple may be the best way to start a planned giving program for a charity that hasn’t already put one in place.
This webinar offered a review of major planned giving instruments and a discussion of ones that make the most sense to emphasize in starting a planned giving program. It discussed the advantages of integrating planned giving into an existing development program, targeting the best prospects, getting buy-in from the board that is likely to generate results, and setting a structure to make it all happen.
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