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 52

Finance Nonprofit Policy Policies 52

Center for Major Gifts

JUNE 16, 2024

Anyone can make a gift of real estate as long as the nonprofit’s gift acceptance policy allows it, and the property is in marketable condition; ideally free of debts. Nonprofits can refuse to accept a property if it puts the nonprofit at risk of liability or unaffordable expenses. Maintenance fees, utilities, taxes, and insurance.

Pass-Through 52

Pass-Through Insurance Insurance Liability 52

Blue Avocado

MARCH 3, 2025

If you’re reading this, you probably already know about the problems that nonprofits like yours are facing with their insurance: Rising insurance premiums, poor coverage from commercial insurance carriers, and in some cases, the loss of coverage altogether. Why are insurance rates soaring for nonprofits?

Insurance 59

Insurance Insurance Liability Liability Insurance 59

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 119

Donation Policy Policies Pass-Through 119

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. Health Insurance : Covers medical expenses.

Insurance 52

Insurance Insurance Policy Policies 52

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. Estate: All assets and liabilities left by the decedent.

Pass-Through 52

Pass-Through Insurance Insurance Liability 52

Planned Giving

AUGUST 15, 2024

It’s like an insurance policy for your life, not just your death. One minute you’re living on ramen in your college dorm, the next you’re shopping for life insurance. Assessing Your Assets and Liabilities First things first: Take stock of what you’ve got. And don’t forget about debts.

Insurance 74

Insurance Insurance SAM Liability 74

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 52

Insurance Insurance Liability Consultant 52

Qgiv

AUGUST 27, 2021

Whoever is serving the alcohol should have the proper licensing and insurance. Additionally, even if a vendor is providing something as a part of their in-kind sponsorship (or just for free because they’re awesome), you’ll still want to have a contract for liability reasons while they’re onsite at your event. ID required”).

Contracts 52

Contracts Contract Pass-Through Utilities 52

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.

ChatGPT 98

ChatGPT Liability Insurance Liability AI 98

Blackbaud

OCTOBER 18, 2024

Keep appropriate waivers and liability forms ready for volunteers to sign. Mitigate Risks Before deploying spontaneous volunteers to a disaster zone, check your insurance policy. You might need a rider, so discuss coverage with your insurance agent.

Management 98

Management Liability Insurance Insurance 98

The NonProfit Times

NOVEMBER 7, 2024

Many times, they will assume liability when they are responding to criminal activity at your facility. 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.

Insurance 59

Insurance Insurance Liability Contract 59

Planned Giving

FEBRUARY 22, 2025

The following are possible strategies to protect assets from future liability exposure. Own an umbrella liability policy. Although insurance does not eliminate liability, it does provide a source of funds to satisfy claim and pay for legal defense. Own permanent life insurance policies.

Liability 52

Liability Insurance Insurance Policy 52

Blue Avocado

OCTOBER 22, 2024

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. Nonprofits Insurance Alliance and the Nonprofit Risk Management Center provide free introductory articles on ways to manage these and other risks.

Budget 88

Budget Finance Management Proposal 88