Don’t wait until a questionable donor offers your nonprofit a gift. Create a gift acceptance policy so you’ll know how to respond to donors who could potentially damage your organization’s reputation
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The youngest generation of adults, Generation Z, is your nonprofit’s future in terms of donations, volunteering and leadership. So it’s important to gain the attention and support of these digital natives.
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Even if your nonprofit has a long-established spending policy, financial challenges may warrant a review. We look at five common types of policies, as well as their pros and cons.
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No nonprofit wants to have to lay off employees due to budget restrictions. Before you cut your staff, read our suggestions for reducing other expenses across your organization.
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Although your nonprofit can’t control the thoughts of criminally minded employees, you can make occupational fraud difficult to commit. The latest ACFE fraud report provides insights and tips.
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Even if your nonprofit’s executive director isn’t leaving immediately, it makes sense to have an executive search plan ready. Here’s how to build your plan.
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Donors may automatically assume they can deduct the full amount of any charitable contribution. But what if your nonprofit provides goods or services in exchange for donations?
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How effective are your nonprofit’s grant proposals? If you aren’t meeting with much success, you may need to change tack. Here’s how to research the grant, support your proposal and avoid pitfalls.
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Should your nonprofit board designate unrestricted assets? Board-designated assets can provide a foundation and help ensure that funds are available when you need them. However, there are responsibilities involved.
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When your nonprofit receives a donation, a matching gift makes it all the sweeter. Encourage donors to take advantage of company matching gifts or create your own matching pool. Here’s how.
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If your nonprofit’s budget is growing and your executives are struggling to juggle financial responsibilities, it may be time to hire a CFO. Learn about what these executives do and what to look for in a candidate.
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Due to pandemic relief legislation, the tax treatment of charitable donations has changed (and changed back) in the past couple of years. Do your donors know the current rules? You can help inform them.
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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.
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It’s not unusual for nonprofits to allow programs to run past their sell-by dates. If some of your offerings have become ineffective, use the excuse of spring cleaning to clear out the old and replace with the new.
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Does your nonprofit rely on contractors to get the work done? Make sure these workers are classified accurately or you may face federal scrutiny and financial penalties.
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Each encounter with a client is an opportunity to solicit feedback that can help you make better funding decisions. We have several suggestions for reaching out to recipients of your nonprofit’s services.
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Your nonprofit needs a conflict-of-interest policy. Good governance demands it, your stakeholders expect it and even the IRS wants to know how you prevent conflicts.
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Is your nonprofit’s current strategic plan uninspiring? Does it prevent you from leveraging current opportunities? Real-time strategic planning enables organizations to capitalize on their competitive advantages.
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Most nonprofits aren’t required to undergo audits. But you may want to engage an auditor anyway. Here’s how to make the process go smoothly and reduce time and costs.
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What do budgets with unexplained variances, delayed financial statements and overreaching executive directors have in common? Your nonprofit’s board should know the answer to this question.
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