b)What is Fundraising?
•In general, fundraising is any activity that includes solicitation of present or future donations of cash or gifts in kind, or the sale of goods or services to raise funds, whether explicit or implied
•Fundraising does not include (i.e., to be excluded from revenue and expenses)
–Seeking grants, gifts, contributions, or other funding from other charities or government
–Recruiting volunteers (except for
fundraising volunteers)
–Related business activities