Planned Giving

JUNE 24, 2025

Last Will and Testament A last will and testament is a fundamental document in end-of-life planning. Beneficiary Designations for Non-Probate Assets Certain assets, such as retirement accounts and life insurance policies, transfer directly to beneficiaries without going through probate.

Insurance

GrantNews

MAY 8, 2024

Cost of Incorporation& Tax-Exempt Status Every nonprofit startup must file a legal document known as the articles of incorporation with their state to begin the process. Nonprofits often use a lawyer to get a set of ‘trained professional eyes’ on their documents. The cost usually runs from $200-$300 a month.

Insurance

Get Fully Funded

JUNE 29, 2021

And you need policies, procedures, and processes. Even in the early days when the donut shop is struggling financially, appropriate insurance is required. So work with an insurer or an insurance broker to understand the coverage you need to best protect your organization and its liability. You need a marketing plan.

Policies Procedures

Red Tape Busters

JULY 11, 2023

Generally, a Grant Writers’ kit simply represents a single place to access all the information and documents that are typically requested when grant writing. They are documents that may only change annually (financials) or not at all (company registration records). Insurers and grant funding will usually ask for both.

Insurance

Blackbaud

DECEMBER 20, 2023

Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Tip 1: If you have an operating reserve, review your policy. Update the policy based on your current and future needs.

Indirect Cost

Planned Giving

JULY 11, 2024

Sometimes brokerage and insurance services are slow to pay out on a planned gift or beneficiary designation. Some donors may wish to place restrictions on their gift that go against a nonprofit’s policies. If you alert a nonprofit about your intentions, they can provide you with the proper documentation for the IRS.

Insurance

Get Fully Funded

JANUARY 16, 2024

Budgeting Your nonprofit’s annual budget is a key financial planning document that guides your organization’s spending and fundraising efforts. Fiscal Policies and Procedures Along with your budget, your fiscal policies and procedures provide guidance for how your team should handle your organization’s funds day to day.

Policies

Qgiv

APRIL 15, 2024

Gifts of life insurance. A gift of life insurance is when a donor names an organization as the beneficiary of an insurance policy or transfers ownership of the policy to the charity. A charitable remainder trust allows a donor to donate assets to a trust, which then provides a trustee with an annual payment.

Pass-Through

GrantNews

JUNE 21, 2024

Review important documents. Make sure your insurance policies, like ID, are up to date. Document property damage with photographs. Conduct an inventory and contact your insurance company. Pay attention to Air Quality Alerts. Make an Emergency Plan. Strengthen your Home. Phone systems are often busy.

Insurance

Blue Avocado

JANUARY 16, 2024

There has been documentation of all discussions with the employee about these issues as well as their refusal to respond positively or show any improvement. Injury : After consideration of well-supported and documented behavior problems by an employee, a decision was made to terminate an employee “after lunch.”

Insurance

GiveSmart

DECEMBER 11, 2023

Get insurance policies. Having tools to streamline document management can make financial compliance simple. You can retrieve documentation, such as tax forms or campaign reports, more efficiently when your paperwork is stored digitally — no need to go rifling through crowded filing cabinets or stacks of papers.

Software

Center for Major Gifts

APRIL 21, 2025

Review your company policies on resignations. Check your unused leaves, pension, insurance, and flexible spending accounts. Leave detailed documentation. This way, youre in a better position to get more desirable offers. Refresh your knowledge of the process for resigning at your company. Complete your assignments.

Insurance

Qgiv

AUGUST 10, 2022

Nonprofits have two customers – the people they serve through the mission and the people or organizations which pay for all or part of the services, such as donors, insurance companies, government entities, and more. In short, the board’s duty is to deal with the policies and the “big issues.” Think strategic, 3,000-foot view.

Finance

Get Fully Funded

FEBRUARY 14, 2022

Renting an event facility may be more expensive, but you will feel confident that they have the right insurance and that many logistical details like parking and accessibility will be covered. To make things easier, have the whole committee work off a shared document so no business gets asked twice. Who will provide the food?

Policy

Peak Proposals

DECEMBER 22, 2019

That is, are you proposing a project so you can generate data, or are you collecting evaluation data to document the results of the project? And either way, you may be able to leverage your data to bring about policy changes. Either way, you can write journal articles on your work that can be published in peer-reviewed journals.

Funding

Peak Proposals

JULY 17, 2022

Especially if you have multiple writers contributing to a proposal, it can be challenging and time consuming to produce a document that covers all the right things in the right way and in the right order. In theory, sounds easy enough. In practice? How much time should you budget for the proposal writing process?

Proposal

Peak Proposals

JULY 17, 2022

Especially if you have multiple writers contributing to a proposal, it can be challenging and time consuming to produce a document that covers all the right things in the right way and in the right order. In theory, sounds easy enough. In practice? How much time should you budget for the proposal writing process?

Proposal

Planned Giving

MAY 29, 2025

Ensuring your loved ones’ financial security through a life insurance policy is a significant step. This guide will walk you through the comprehensive steps and considerations involved in designating a beneficiary for your life insurance policy. What is a Beneficiary? Who Can Be a Beneficiary?

Insurance

Planned Giving

FEBRUARY 13, 2025

This entails organizing various legal documents to ensure your wishes are respected. Below is a comprehensive checklist of the essential documents needed for effective estate planning, why they are important, and how to obtain them. Sign the Document : Ensure it is signed and notarized.

Insurance

Planned Giving

NOVEMBER 25, 2024

Certain criteria must be met to ensure your will is legally binding, such as including your name on the document and signing it in the presence of witnesses. Some might offer free will forms or kits in exchange for participation in phone calls or life insurance pitches.

Template

Planned Giving

JULY 29, 2024

These include: Assets with a Named Beneficiary: Such as life insurance policies or retirement accounts. Non-Probate Assets Without a Beneficiary: Certain assets like life insurance policies and retirement accounts pass directly to a chosen beneficiary. Designating Beneficiaries: For life insurance and retirement accounts.

Pass-Through

Planned Giving

DECEMBER 10, 2024

This essential document is necessary for a wide range of tasks, from planning the funeral to settling legal and financial matters. A death certificate is an official document issued by a government authority that certifies the death of an individual. Some offices may offer expedited services for an additional fee.

Pass-Through

Planned Giving

JANUARY 14, 2025

A last will and testament is more than just a legal document; its a reflection of your lifes legacy, detailing your assets, beneficiaries, and final wishes. By making the will and related documents accessible, the court ensures that all interested parties, including creditors and potential heirs, can oversee the distribution of the estate.

Pass-Through

Planned Giving

JANUARY 14, 2025

Tips for a Smooth Probate Keep Records: Maintain detailed records of all financial transactions and estate documents. Beneficiary Designations: Name beneficiaries for accounts and policies. Assets with designated beneficiaries, such as life insurance or retirement accounts, bypass probate. What debts must be paid during probate?

Insurance

The NonProfit Times

NOVEMBER 14, 2024

In the United States, the Internal Revenue Service (IRS) mandates nonprofits disclose detailed functional expenses on federal Form 990 (a publicly available document), reinforcing the necessity for accurate and honest financial disclosure to maintain tax-exempt status and public confidence. The occupancy costs (i.e.,

Indirect

Blue Avocado

OCTOBER 22, 2024

Although some AVOs have permanent locations (such as in the back room of a historical home or at the library for a Friends of the Library), many do not — and meetings and documents move from home to home as officers change. Because most AVOs have an informal air about them, it’s easy for finances to be treated in a casual way.

Budget

Center for Major Gifts

OCTOBER 31, 2024

Some parts of estate planning involve documents that you should have in place to control important decisions you would make if you could while you are still alive. Some of the most important of these documents came into play for many unfortunate families during the pandemic while a loved one was struggling to breathe on a ventilator.

Insurance