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How to Improve Your Internal Controls to Minimize Audit Findings

Blackbaud

Examples include backup procedures, disciplinary action, and insurance. Your control activities are the specific policies and procedures you implement to mitigate risks and achieve organizational objectives, such as spending limits on your purchase cards. Update controls as needed to address emerging risks.

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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 as climate change is manmade, it may have not just ecological but also sociological tipping points.

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Supporting nonprofit and mission-driven affordable housing providers 

Candid

This lowers property revenue, even as material, labor, and insurance costs risea combination thats making building and operating affordable housing extremely difficult, or even infeasible. How did we get here? This system has had success in ensuring housing solutions are community-driven and community-led.

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​A nonprofit Swiss Army knife: How fiscal sponsorship works to help advance shared goals

Candid

This way, changemakers dont need to create a new nonprofit from scratchwhich requires IRS tax-exempt status, a board of directors, a bank account, accounting, charitable registration, insurance, human resources, an audit, and state and federal filings. How does fiscal sponsorship work?

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

Wild Apricot

The sponsor may manage staffing, set policies and represent your project publicly. What Is a Fiscal Agent? A fiscal agent is an organization, typically an established nonprofit, that manages money and administrative tasks on behalf of another group. Think of it as a temporary financial home. What Are Fiscal Agents Responsible For?

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Meeting the mental health needs of older adults through community programs 

Candid

Policy shifts, including cuts to Medicare and Medicaid and services such as Meals On Wheels, impact older adults’ access to care, especially among those relying on public insurance or fixed incomes. According to The National Coalition on Mental Health and Aging, the number of people aged 65 and older in the U.S. million by 2030.

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

Planned Giving

” Life Insurance Gifts : “Making our organization the beneficiary of a policy you no longer need.” Introduction: What Is Planned Giving and Why Does It Matter? Planned giving, also known as legacy giving, is the art of securing future gifts from donors through their estate plans.