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How to Improve Your Internal Controls to Minimize Audit Findings

Blackbaud

Examples include backup procedures, disciplinary action, and insurance. Some of these types can be managed directly within your fund accounting software , such as approval rules to make sure the right people review an expense before its paid. Train Staff: Provide training to staff on internal control policies and procedures.

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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. Solution: Invest in Dedicated Accounting Software As soon as its feasible given your nonprofits budget, add an accounting platform to your tech stack.

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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.” 6 Establish Gift Acceptance Policies ADVANCED (IMPORTANT, BUT NOT URGENT) Start simple. Your policies protect your nonprofit legally and set internal expectations. Later, you can expand.

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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. It also includes any legal fees as well as insurance and general office management, like copy paper and ink for the printer. Simplifying Cost Allocation with Fund Accounting Software Managing overhead expenses doesn’t have to be complicated.

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Survey: US Nonprofits at Critical Point as Funding for Community Needs Falters

NonProfit PRO

Only two-thirds offer health insurance; this drops to 12% for organizations with annual budgets of less than $250,000. While they are essential to everything from disaster recovery to affordable childcare, many operate under strict financial constraints. Only 41% of survey respondents are able to pay all full-time staff a living wage.

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Fundraising Salaries Stabilize as Median Pay Outpaces Inflation, AFP Report Finds

NonProfit PRO

respondents reported access to employer-provided health insurance. Benefits Access Expands, With Emphasis on Health and Retirement This year’s report includes a deeper dive into employee benefits. Over 96% of U.S. Of those, 21% had their entire premium covered by their employer, while 74% shared the cost. setForceSafeFrame(true).addService(googletag.pubads()).setCollapseEmptyDiv(true).setTargeting("ic",

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Planned Gifts: A Quick Guide To Help Nonprofits Raise More

The Fundraising Coach

Life insurance: Donors can name a nonprofit as the beneficiary of a life insurance policy. The donor makes a gift of cash or property, and in exchange, they receive a fixed lifetime income stream. After the donor passes away, the nonprofit retains the remaining value.

CRM