Nonprofit Basics: What You Need To Know About Expenditure Responsibility
Welcome to EO Radio Show – Your Nonprofit Legal Resource. Have you ever heard the phrase, “you’ll have to exercise expenditure responsibility as a condition for giving or receiving a grant,” and then decided to just go do something else? It’s too hard, too complicated, gets IRS scrutiny, just too scary. Expenditure responsibility, or “ER” as the foundation world refers to it, won’t send you to the ER but it can be bewildering and confusing until you’ve been on the giving or receiving end a few times. But it is really not that complicated. In this episode, I’ll explain what it is, why and when it applies, and how to comply with the requirements.
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DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.