GrantNews

AUGUST 6, 2024

The Food Donation Improvement Act reduces liability for donors who make food donations. This bipartisan legislation will reduce food waste and improve food insecurity by encouraging new public and private partnerships by expanding liability protection for food donors. However, there is good news. How, you may ask?

Liability

GrantNews

JULY 19, 2024

Navigating the tax framework supporting grant money requires careful consideration to ensure compliance with IRS regulations and avoid potential tax liabilities. Consulting a tax professional is advisable to ensure compliance with IRS regulations, maximize benefits, and avoid unexpected tax liabilities.

Grants

GrantNews

OCTOBER 26, 2023

If approved, incorporation as an LLC shields individual company members from personal liability for any debts incurred by the LLC. For more details about LLCs, here is a link to the IRS definition of a Limited Liability Company (LLC). As a for-profit business, an LLC is liable for all applicable taxes. However, it is possible.

Liability

Get Fully Funded

MAY 4, 2021

Let your volunteers know about your organization’s liability coverage, what it covers and what it does not. Also share with volunteers about the Volunteer Protection Act , which protects volunteers from liability in cases of ordinary negligence. You may have applicable good samaritan laws in your state. Is orientation required?

Policy

GrantNews

MARCH 13, 2024

Good Samaritan laws grant liability protection to folks who offer reasonable assistance to those who are hurt, sick, in danger, or otherwise incapacitated. Upgrade to a MemberPlus+ plan to view the full details of current grants, including eligibility criteria and application information.

Liability

Candid

DECEMBER 6, 2022

Nonprofits are required by the IRS to keep detailed records, and there is a lot more paperwork for nonprofits than for other organizations, such as Limited Liability Corporations (LLCs). To support this, the IRS requires that nonprofits make their Form 990 tax returns and Form 1023 exemption application available to the public upon request.

Liability

GrantNews

MAY 8, 2024

A lawyer can help you draft your ‘articles of incorporation,’ as well as help you with your application to the IRS. This plan includes general liability insurance, commercial property insurance and business income insurance. The price of this insurance can vary depending upon the coverage plan chosen.

Insurance

Planned Giving

JANUARY 15, 2025

By understanding the intricate advantages of CRTs, individuals can leverage these trusts to minimize tax liabilities while supporting charitable endeavors. Selling these items can result in significant tax liabilities. This can lead to higher tax brackets and increased tax liabilities. What is a Charitable Remainder Trust?

Liability

Blackbaud

SEPTEMBER 19, 2024

endowments) Issuance of debt or bonds Financing Activities Outflow Examples: Repayment of loans or debt Payments on long-term leases Refunds to donors (if applicable) Statement of Cash Flows Example from Blackbaud’s FENXT Take a look below to see an example of a Statement of Cash Flows generated through Blackbaud’s industry-leading FENXT software.

Finance

Blue Avocado

FEBRUARY 13, 2024

Once you have identified what resources you are saving and how you think they should be utilized, do your due diligence to make sure you’re following all applicable federal, state, and local laws as well as relevant court decisions. Lesson 2: Understand the laws.

Lobbying

The Fundraising Coach

APRIL 14, 2025

Liabilities (account numbers beginning with 2000): Everything your nonprofit owes, including debt, deferred revenue, and accounts payable. Net Assets (account numbers beginning with 3000): What your nonprofit is worth, calculated by subtracting your total liabilities from your total assets. Statement of financial position.

Liability

Tech Soup

OCTOBER 4, 2012

Policy Patrol Mail Security Bundle (admin fee: $60) prevents email-related issues like legal liability, damage to your reputation, and confidentiality breaches. Note: It is not advisable to install multiple antivirus/anti-malware programs on your system as it may result in conflicts between the applications.

Liability

Tech Soup

JUNE 14, 2017

Cloud-based applications and services are super convenient. Figure out whether you can use a given provider or service while still conforming to applicable laws and regulations. Sharing accounts might be convenient, and it might save you on licensing fees, but doing so can be a security liability. Before You Move to the Cloud.

Retainer

Red Tape Busters

JULY 11, 2023

Registration Details Most grant applications will require grant writer to provide proof of company and possibly charity registrations, and in some cases, the organisation registered documents. The Grant Writer ‘kit’ is simply a reference document with links to the relevant information, which should be updated any time the information changes.

Insurance

Blackbaud

SEPTEMBER 7, 2024

Additionally, many grant applications and reports require audited financial statements, including the SOA. Financial Statement Purpose Statement of Financial Position A snapshot of a nonprofit’s assets, liabilities, and net assets at a given point in time, showing its overall financial health.

Professional Services

Get Fully Funded

FEBRUARY 20, 2023

Every nonprofit has a Board of Directors. Yet most people don’t understand exactly what the Board’s job is. And this is a problem. You see, it means that hundreds of people are sitting on nonprofit Boards and have NO IDEA what they said “yes” to. It’s surprising. And concerning.

Strategic Plan

Qgiv

APRIL 26, 2021

These are: Event Registration Bidding Software Text Fundraising Livestreaming Platforms Volunteer and Staff Management Online Shop Video Editing Software Graphics Software Event Day Solution Liability Waivers. However, there is an application process, which can be timely and even deem you unqualified. Liability Waivers.

Software

Allied Grant Writers

OCTOBER 19, 2021

Grant writing is the process of submitting an application for money from a private, corporate, or government source. Grant applications are fiercely competitive; it’s especially challenging when it’s your first time soliciting funding for a new program or organization. Note : requirements may vary per state] 2.

Grant Writing

Allied Grant Writers

OCTOBER 19, 2021

Grant writing is the process of submitting an application for money from a private, corporate, or government source. Grant applications are fiercely competitive; it’s especially challenging when it’s your first time soliciting funding for a new program or organization. Note : requirements may vary per state] 2.

Grant Writing

Greater Giving

DECEMBER 5, 2022

Use multi-factor authentication when accessing sensitive areas within your network such as web applications. A secure payment gateway is the most important step you can take to protect your donors’ credit card data and avoid liability. Nonprofits need a payment gateway to process online payments. Use a Secure Payment Gateway.

Liability

Big Fundraising Ideas

NOVEMBER 26, 2024

Fundraising laws and requirements vary between states and countries, making it essential for schools to familiarize themselves with applicable rules. Reduces liability risks for theschool. Compliance with legal regulations is a fundamental aspect of ethical fundraising. Encourages community confidence in school-organized events.

Ethics

Tech Soup

APRIL 2, 2012

Windows Azure is an open and flexible cloud platform that enables you to quickly build, deploy and manage applications across a global network of Microsoft-managed datacenters. You can build applications using any language, tool or framework. Anna Jaeger. And it works for nonprofits too!

Conference

Sharpshooter Communications

AUGUST 13, 2021

link] I saw this on an application recently and thought, “Well, that’s easy.” The nonprofit isn’t sure that the land isn’t a liability so, to protect the organization, they create a separate entity to be the owner. It’s a simple question for grant seekers in the US: What is your organization’s tax status?

Lobbying

Tech Soup

SEPTEMBER 9, 2014

If you don't have an acceptable use policy, there are a lot of templates and samples of language online, but most of it is pretty dry, legal jargon defining liability and expectations. That's a start, but it's not enough, and it isn't really a method to prevent malicious or negligent behavior.

Policy

Get Fully Funded

JANUARY 16, 2024

However, this information is only useful if you summarize and organize it in a way that allows you to glean applicable insights into your organization’s financial situation. Also called a balance sheet, this statement breaks down your nonprofit’s assets and liabilities to provide a snapshot of your organization’s financial health.

Policy

DoJiggy

SEPTEMBER 19, 2024

Add it to your Form 990 to account for your assets and liabilities. Other examples of internal controls include: Requiring team members to log out of applications or computers when not using them. The IRS requires you to file no fewer than four audited financial statements. Segregation of duties for transactions.

Management

Assel Grant Services

MAY 6, 2024

Disclaimer of Opinion – This type of report shows a company is not compliant with GAAP guidelines and portrays gross misstatements on its assets and liabilities. Audit findings are commonly addressed in grant applications; having a plan in place will streamline this and articulate the actions taken to potential funders.

GPC

Peak Proposals

NOVEMBER 10, 2021

Fundraising activities and events must comply with local laws and carry adequate liability insurance. Companies can also provide direct funding to organizations that have been nominated by their board members, employees, or through a formal application process similar to what foundations traditionally use.

Nonprofit

Qgiv

JULY 24, 2024

Board members must also make sure your nonprofit complies with all applicable laws and regulations. Legal oversight protects your organization from liabilities, reinforces its credibility, and upholds its reputation.

Nonprofit

Tech Soup

AUGUST 10, 2015

This Contest is subject to all applicable federal, state and local laws and regulations, and void where prohibited. As part of the prize notification, the winning organization will be asked to sign an affidavit of eligibility, a liability release and a publicity release (where legal). b) Limitations of Liability. b) Void States.

Liability

Tech Soup

DECEMBER 13, 2011

IT systems are expected to open their systems up for this, but in doing so, they tend to lose control of important organizational data, need to support additional applications that serve personal devices, and face legal liabilities in case a personal device is lost or stolen.

IT

The NonProfit Times

JANUARY 9, 2025

AI systems rely on vast amounts of data to train and improve their algorithms, and nonprofit leaders must ensure that the data they collect is used in accordance with applicable federal, state, and international privacy laws and regulations. Tort Liability. One of the primary legal issues associated with the use of AI is data privacy.

ChatGPT

Blue Avocado

OCTOBER 22, 2024

Go to the Unified Registration Statement (URS) website for a summary of state-by-state requirements to determine if you must register as a charity, provide a copy of IRS Form 990, have a CPA audit or review, and whether the state accepts the streamlined URS application.

Budget