Posts (111) March 2, 2023 Is Effective Altruism All It’s Cracked Up To Be? Effective altruism advocates high-impact philanthropy, but its risks may outweigh its rewards. Here’s what nonprofits should know before partnering with an effective altruist. Read More June 12, 2023 Are Your Nonprofit’s Interim and Year-end Financial Statements At Odds? Whether your nonprofit uses cash basis or accrual basis accounting can affect the likelihood that your financial statements will need to be adjusted at year end. Read More April 9, 2020 UBTI: Making Sense of Unrelated Business Taxable Income for Nonprofits A lot of the work of running a non-profit organization with tax-exempt status involves ensuring that the entity doesn’t engage in activities that could put its non-profit status at risk. Careful planning must go into the mission of creating the organization. Once the purpose or mission is solidified, managers must determine what activities to take… Read More September 28, 2023 Trust and Internal Controls Can Coexist in Your Nonprofit Trust tends to be the biggest potential fraud weakness for nonprofits. But by beefing up certain internal controls, you can continue to operate like a happy family and still reduce employee-perpetrated fraud. Read More December 2, 2021 Why Excess Benefit Transactions Are Out-Of-Bounds To prevent excess benefit transactions (such as certain purchases from insiders) from occurring in your nonprofit, educate stakeholders. Here’s how to communicate the concept. Read More April 20, 2022 Need Volunteers? Try Local Companies A corporate volunteer program can be a solution to your nonprofit’s volunteer shortage. But before you arrange a partnership, make sure you’ve thought hard about what you need and the best way to get it. Read More April 20, 2022 SECURE Act: Congress Eyes Further Retirement Savings Enhancements SECURE Act 2.0 passed the U.S. House with strong bipartisan support. While the Senate is working on its own bill, learn about the provisions of the House’s version. Read More October 29, 2018 Has Your Nonprofit Shifted From Overhead To Impact? Bye-bye overhead ratios, hello “impact”! What does focusing on the broader effects of nonprofit spending mean to your organization? For one, you may need to make cultural changes. Read More November 3, 2021 When Nonprofits Should Return Donations Instead of waiting to see if donors will ask for their money back, take steps to prevent such requests. Learn when your nonprofit should return a donation and what your refund policy should say. Read More August 25, 2023 Life Insurance Can Be A Powerful Estate Planning Tool If federal estate tax isn’t an issue for your family, you may want to hold on to your life insurance policy for its estate planning opportunities. Read More October 9, 2023 Do You Have To Return A Donation When A Donor Requests It? Sometimes donors ask for their money back. Must your nonprofit comply? It depends on several factors. But the best defense against these requests is an effective offense: Create a gift refund policy. Read More May 15, 2024 Conservation Easements Are Under IRS Scrutiny The IRS is closely scrutinizing conservation easements. Here’s what you need to know to fully realize an easement’s income and estate tax benefits. Read More Load more Page 6 of 12« First«...45678...»Last »
March 2, 2023 Is Effective Altruism All It’s Cracked Up To Be? Effective altruism advocates high-impact philanthropy, but its risks may outweigh its rewards. Here’s what nonprofits should know before partnering with an effective altruist. Read More
June 12, 2023 Are Your Nonprofit’s Interim and Year-end Financial Statements At Odds? Whether your nonprofit uses cash basis or accrual basis accounting can affect the likelihood that your financial statements will need to be adjusted at year end. Read More
April 9, 2020 UBTI: Making Sense of Unrelated Business Taxable Income for Nonprofits A lot of the work of running a non-profit organization with tax-exempt status involves ensuring that the entity doesn’t engage in activities that could put its non-profit status at risk. Careful planning must go into the mission of creating the organization. Once the purpose or mission is solidified, managers must determine what activities to take… Read More
September 28, 2023 Trust and Internal Controls Can Coexist in Your Nonprofit Trust tends to be the biggest potential fraud weakness for nonprofits. But by beefing up certain internal controls, you can continue to operate like a happy family and still reduce employee-perpetrated fraud. Read More
December 2, 2021 Why Excess Benefit Transactions Are Out-Of-Bounds To prevent excess benefit transactions (such as certain purchases from insiders) from occurring in your nonprofit, educate stakeholders. Here’s how to communicate the concept. Read More
April 20, 2022 Need Volunteers? Try Local Companies A corporate volunteer program can be a solution to your nonprofit’s volunteer shortage. But before you arrange a partnership, make sure you’ve thought hard about what you need and the best way to get it. Read More
April 20, 2022 SECURE Act: Congress Eyes Further Retirement Savings Enhancements SECURE Act 2.0 passed the U.S. House with strong bipartisan support. While the Senate is working on its own bill, learn about the provisions of the House’s version. Read More
October 29, 2018 Has Your Nonprofit Shifted From Overhead To Impact? Bye-bye overhead ratios, hello “impact”! What does focusing on the broader effects of nonprofit spending mean to your organization? For one, you may need to make cultural changes. Read More
November 3, 2021 When Nonprofits Should Return Donations Instead of waiting to see if donors will ask for their money back, take steps to prevent such requests. Learn when your nonprofit should return a donation and what your refund policy should say. Read More
August 25, 2023 Life Insurance Can Be A Powerful Estate Planning Tool If federal estate tax isn’t an issue for your family, you may want to hold on to your life insurance policy for its estate planning opportunities. Read More
October 9, 2023 Do You Have To Return A Donation When A Donor Requests It? Sometimes donors ask for their money back. Must your nonprofit comply? It depends on several factors. But the best defense against these requests is an effective offense: Create a gift refund policy. Read More
May 15, 2024 Conservation Easements Are Under IRS Scrutiny The IRS is closely scrutinizing conservation easements. Here’s what you need to know to fully realize an easement’s income and estate tax benefits. Read More