Sunday, May 11, 2014

Is it safe to put EIN on letters soliciting donations...I am wondering if the EIN can be abused as easily as our personal SSN's?

Is it safe to put EIN on letters soliciting donations...I am wondering if the EIN can be abused as easily as our personal SSN's?
Usually people out to abuse your SSN want to open credit cards with it. I believe applying for credit can be done by not-for-profit but it's unusually and probably a real pain in the butt. Due to the huge hassle of apply for credit with an EIN the chances of someone attempting to abuse the EIN is really low if nothing at all. Plus I believe you're required to provide your EIN in certain cases (assuming you're a not-for-profit with 503(c) status).

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