Blackbaud

JULY 10, 2025

In the finance office, you know it’s not time to celebrate just yet. Sharing with donors how their gifts contributed to a recent successful fundraising event or helped provide more meals to those in need will go a long way toward continued support—and that all starts with clear reporting in the finance office.

Finance

Planned Giving

JUNE 24, 2025

Beneficiary Designations for Non-Probate Assets Certain assets, such as retirement accounts and life insurance policies, transfer directly to beneficiaries without going through probate. Life Insurance Life insurance provides financial support to your dependents after your death.

Insurance

Blackbaud

SEPTEMBER 13, 2024

Have you ever had your board members scratch their collective heads when the development and finance teams report their results? So, while bequests, insurance policies and planned gifts are exciting for the organization, those donations won’t be reflected in the GAAP reporting. How Development and Finance Can Get Along (Really!)Does

Insurance

Blackbaud

DECEMBER 20, 2023

From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. Tip 1: If you have an operating reserve, review your policy. Update the policy based on your current and future needs.

Indirect Cost

The NonProfit Times

AUGUST 22, 2024

But is flooding covered under a typical commercial insurance policy? Rushing : Flood coverage is not typically included in a commercial insurance policy. Although you might be able to purchase flood insurance from your carrier or add it to your policy, many managers do not.

Insurance

Get Fully Funded

JANUARY 16, 2024

The ins and outs of nonprofit accounting may seem overwhelming at first, but effectively recording and reporting your organization’s finances is essential to fund your mission. Jitasa’s nonprofit financial management guide recommends creating the following fiscal policies: Gift acceptance. Expense reimbursement. Staff compensation.

Policy

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

GiveSmart

DECEMBER 11, 2023

These individuals are responsible for monitoring everything from the organization’s finances to its protocols to ensure operations are running smoothly and all compliance standards are being met. Get insurance policies. Board of directors All nonprofits must appoint a board of directors. Process your payroll.

Software

Qgiv

MARCH 5, 2024

Political organizations: Political nonprofits engage in advocacy, lobbying, and political activities to influence legislation and public policy. 501(c)(8): This type of nonprofit includes fraternal beneficiary societies and associations that provide benefits, such as insurance, to members of the organization through membership fees.

Insurance

The Fundraising Coach

OCTOBER 20, 2023

Life insurance: Donors can list your organization as a beneficiary on their life insurance policy. Since most planned gifts don’t affect the donor’s current finances, this presents an easier way to give a large donation without hurting their budget. They can also donate any unused retirement assets to your nonprofit.

Pass-Through

Peak Proposals

DECEMBER 22, 2019

And either way, you may be able to leverage your data to bring about policy changes. If you spot a foundation that supports projects in your field, but has a “no unsolicited proposals” policy, even though there appears to be a fit, we advise you to cross the foundation off your list and move on to better prospects. on our blog ).

Funding

Planned Giving

FEBRUARY 13, 2025

These non-probate assets include 401(k) accounts, pensions, and life insurance policies. How to Create Beneficiary Designations To designate beneficiaries: Contact Institutions : Reach out to banks, insurance companies, and retirement plan administrators. Avoid Probate : These assets bypass the probate process.

Insurance

The NonProfit Times

SEPTEMBER 10, 2024

We must find data-informed solutions, whether through policy or practice, to meet the needs of nonprofit workers who are struggling financially. This groundbreaking study gives us both a starting point and a call to action. Most industry sectors had fewer than 400,000 nonprofit employees.

Nonprofit

Planned Giving

AUGUST 15, 2024

If you’re not able to make decisions for yourself because of an illness or ailment, your chosen representative steps in to handle your finances and make medical decisions. It’s like an insurance policy for your life, not just your death. But choose wisely. But let’s get real: Life is unpredictable.

Insurance

Center for Major Gifts

AUGUST 19, 2024

Women are more likely to face changes in finances, inheritance, and guardianship issues alone, making comprehensive estate planning essential. – Beneficiary Designations Name a charity as a beneficiary of your retirement plan or life insurance policy.

Pass-Through

Candid

NOVEMBER 20, 2024

In 2022, 48% owned their homes, only 4% had any investment income, 25% were covered by public health insurance, and 10% had no coverage at all. Nonprofits working in the areas of health care as well as finance and insurance (e.g., thrift and resale stores) was 42%, and only 51% had private health insurance.

Insurance

The NonProfit Times

JANUARY 9, 2025

You need to ensure that your organization has appropriate insurance coverage in place to protect against potential liability claims in all of these areas of legal risk. You also should explore acquiring an errors and omissions liability/media liability insurance policy to fill those coverage gaps.

ChatGPT

The NonProfit Times

NOVEMBER 7, 2024

Make sure your contract ensures they will assume liability for their actions and that the contractor is adequately insured and names your organization as an additional insured on their policies. Private security contractors – An established security contract with a professional security service.

Liability

The NonProfit Times

NOVEMBER 14, 2024

Square footage percentages can be used to allocate rent, depreciation, certain insurances, and utilities. rent, utilities, building depreciation, and insurance) would be allocated 71.4% B est P ractices Organizations should have a formal, written, functional expense allocation policy. The occupancy costs (i.e.,

Indirect

Blue Avocado

OCTOBER 22, 2024

Because most AVOs have an informal air about them, it’s easy for finances to be treated in a casual way. Alternatively, the board might set a policy that permits one signature for small checks below a certain amount, say $50, in order to help discourage checks from being signed in advance.

Budget