GrantNews

MAY 8, 2024

“First, though there is no cost associated, you have to fill out the government form to receive an Employee Identification Number. Registration Fees Along with paying fees to get approved for tax-exempt status, both to your state and to the federal government, you may also have to pay to register as an official charity with your state.

Insurance

The NonProfit Times

APRIL 17, 2024

Medical debt relief has become a growing public policy priority for philanthropists and lawmakers worried about the toll on Americans’ financial, mental, and physical health. An estimated 40% of Americans have medical debt with nearly half of those owing at least $2,500.

Liability

Get Fully Funded

JANUARY 16, 2024

The way you manage and report financial information holds your organization accountable to the government, the Generally Accepted Accounting Principles (GAAP) , and your supporters. Grants provided by the government and foundations. Compile all of these policies in a handbook to serve as a reference for your employees.

Policy

Qgiv

JULY 24, 2024

Obedience The duty of obedience requires your board members to adhere to your organization’s mission, bylaws, and policies. Cooperative governance model The cooperative governance model emphasizes shared decision-making and collective responsibility.

Nonprofit

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

Red Tape Busters

JULY 11, 2023

At a minimum, this should include the Certificate of Currency and the Policy document, including any supplementary documents. This information should exist for each type of insurance held (public liability, business, contents, etc) and will need to be updated each year, as well as when any policy changes are advised by insurers.

Insurance

Qgiv

MARCH 5, 2024

An NGO is a type of nonprofit organized at the local, national, or international level that works independently of any government involvement. Political organizations: Political nonprofits engage in advocacy, lobbying, and political activities to influence legislation and public policy. What is an NGO (Non-Governmental Organization)?

Insurance

Sharpshooter Communications

AUGUST 13, 2021

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. Dana’s plain English: It’s a legit nonprofit that gets most of its operating revenues from donations - not fees for service - and doesn’t have investments that pay dividends.

Lobbying

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. improving policies and procedures and strengthening internal controls). This report means the auditor thought they couldn’t issue a definitive opinion on the nonprofit.

GPC

Get Fully Funded

DECEMBER 7, 2021

Here’s where a Gift Acceptance Policy can help (more on that in a moment). You might say to that donor “That’s a generous offer, but our policy says I need to take this sort of donation to my Board for approval.” Either way, your Investment Policy will outline how donated stocks and bonds are handled. Now you’re off the hook.

Donation

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. TechSoup itself has adopted a tiered user policy.

IT

Planned Giving

JULY 29, 2024

Over time, as societies evolved, so did the laws governing probate, aiming to protect the rights of heirs and creditors. These include: Assets with a Named Beneficiary: Such as life insurance policies or retirement accounts. Inventorying the Estate: Compiling a detailed list of assets and liabilities.

Pass-Through

Planned Giving

AUGUST 15, 2024

It’s like an insurance policy for your life, not just your death. Protecting Beneficiaries with Special Needs If you have a loved one with special needs, an estate plan can ensure they’re cared for without jeopardizing their eligibility for government benefits. But let’s get real: Life is unpredictable.

Insurance

Planned Giving

JANUARY 14, 2025

This includes real estate, bank accounts, investments, personal property, and liabilities like mortgages and loans. This includes paying funeral expenses, medical bills, taxes, and any other liabilities. Beneficiary Designations: Name beneficiaries for accounts and policies. FAQs About Probate How long does probate take?

Insurance

The NonProfit Times

JANUARY 9, 2025

Tort Liability. You must consider the potential tort liability issues that might arise from the use of AI. 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.

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