Ask Reggi Your Question Now

Reggi is the free generative AI assistance for regulatory compliance
Ask a Question

Can I use social media to fundraise in Tennessee? What are the requirements?

Here is your answer to the query:

Fundraising through Social Media in Tennessee

Yes, you can use social media to fundraise in Tennessee. However, there are certain requirements that you need to fulfill.

According to the Tennessee Secretary of State, charitable organizations must file an Annual Gaming Event Application, along with all required attachments and non-refundable fee, during the application period, which is from July 1st through January 31st. The application can be filed online using the Online Charity and Business Filing system [1].

Charity scammers often use social media like Facebook, YouTube, or Instagram as well as crowdfunding sites to ask for donations. Therefore, it is important to be careful and avoid clicking on links or attachments from unknown sources. Crowdfunding websites, like Go Fund Me, quickly collect small amounts of money from a large number of people. However, the money you give to charity scammers never reaches the real people in need. And the scammers now have your money and your personal information [2].

Requirements for Fundraising in Tennessee

Charitable organizations in Tennessee are required to register with the Tennessee Secretary of State. The initial registration fee is $10 dollars. The organization must also provide certain information, such as its name, address, purpose, and the names and addresses of its officers and directors. Additionally, the organization must provide a copy of its IRS determination letter (if it has such), and an audited financial statement if its revenues exceed $500,000, excluding government grants and grants from private foundations [3].

Sales and Use Tax

If you are a retailer located in Tennessee, you are required to register for sales and use tax in Tennessee. You must also collect sales tax on all taxable sales made in Tennessee [4].

I hope this helps!

Source(s):
Jurisdiction

Tennessee