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The Four Core Statements of Nonprofit Financial Reporting

Blackbaud

While the Statement of Activities examines your revenue and expenses, this document focuses on your assets, liabilities, and net assets, offering a broader view of your organization’s financial status. Net Assets: Net assets represent the difference between total assets and liabilities.

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What’s Your End-of-Year Strategy for Planned Gifts of Assets?

Blackbaud

He was a donor to one of our charity clients and we had talked about the possibility of gifting assets to reduce or eliminate tax liability. He was facing a significant tax liability if he didn’t get this completed before the calendar rolled into January. Bunching offers donors the possibility of minimizing tax liability.

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Can an LLC Business Get Grant Money?

GrantNews

If you own a Limited Liability Company (LLC), you may be wondering whether you’re eligible to receive grant funding to support or grow your business. The good news? Yes – LLC businesses can qualify for certain grants. What Is a Grant and How Does It Differ from a Loan?

Grant 68
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How Government Grants Are Changing Grant-Making Policies

GrantNews

Specifically, to improve food insecurity and reduce food waste by expanding liability protection for food donors. Billions of dollars in Federal grants are awarded each year for programs and projects that benefit the public. This assistance is rooted in the Constitution and its call to “promote the general Welfare.”

Policies 107
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4 Nonprofit Financial Statements and How to Create Them

Blackbaud

Effective financial management equips you to make the most of your nonprofit’s limited resources. To produce meaningful reports to help you do this, you must track all financial activity and ideally compare it to your budget, or your financial representation of what you think you’ll pursue during the year.

Liability 111
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7 Emerging Trends for 2025: Is Your Nonprofit Prepared?

GrantNews

As we reflect on the past year, we naturally wonder about the trends 2025 will bring nonprofits. While it is no surprise that trends are leaning towards AI and tech tools, you may be surprised to see how nonprofits might use AI. For example, AI can help a team build new and creative ways to connect donors and ensure they feel appreciated.

AI 122
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10 Tips for Managing Crisis Volunteers in Natural Disasters

Blackbaud

Keep appropriate waivers and liability forms ready for volunteers to sign. Develop a screening procedure in “normal” times to make crisis screening easier. Catalog the skills and roles needed in a potential disaster along with a database of individuals willing to step up in a crisis. Schedule Shift Work Disaster work is complex and intense.