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How to Improve Your Internal Controls to Minimize Audit Findings

Blackbaud

Here are a few reasons why internal controls are especially important for nonprofit organizations: Safeguarding Assets: Nonprofits often have limited resources and rely heavily on donations and grants. Examples include backup procedures, disciplinary action, and insurance.

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Is There An Inequality Tipping Point for Nonprofits?

Blue Avocado

As smaller donations continue to decline, the philanthropic system is at risk of catastrophic failure if high-net-worth individuals, driven by natural human fears, feel a need to give less and less as insurance against a dangerous future. But we need to prepare now. At the same time, philanthropy can pursue the same end.

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Understanding Fiscal Agents: What They Do and When You Need One 

Wild Apricot

Whether you’re just getting started or looking for a way to manage grants and donations more effectively, understanding fiscal agents can help you move forward with fewer risks and more confidence. They accept donations, handle bookkeeping, file tax documents and ensure everything meets state and federal regulations.

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The Elevator Opens: Are You Ready to Talk Planned Giving?

Planned Giving

Pitch: Instead of cash, consider donating stock. Donating real estate can relieve you of maintenance, reduce your taxes, and create a lasting legacy. Pitch: With a trust, you donate an asset, receive income for life, and reduce capital gains tax. STOCK DONATION Avoid capital gains by donating stock instead of selling.

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How to Launch a Planned Giving Program: A Step-by-Step Guide

Planned Giving

These gifts are often the largest and most impactful contributions a donor will ever makewith the average planned gift ranging from 200-300 times larger than a typical annual donation. ” Life Insurance Gifts : “Making our organization the beneficiary of a policy you no longer need.” Gratitude opens doors.

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Understanding Nonprofit Overhead: Strategies for Transparency and Efficiency in 2025

Blackbaud

But overhead expenses have also been the focus of recent policy changes as well. Fundraising costs include any expenses related to seeking or soliciting donations, including the salary of your development staff, any fees associated with fundraising consultants, and costs to print your mailers. Does that mean it’s less efficient?

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4 Nonprofit Financial Management Challenges (& Solutions)

Get Fully Funded

However, you can strategically cut other administrative costs by: Evaluating your organizations insurance plan to ensure youre getting the right amount of coverage for the best price. Seeking out nonprofit discounts or asking for in-kind donations of new office equipment.