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

Wild Apricot

All funds go through their bank accounts. 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. Fiscal agency is typically a short-term or project-based arrangement.

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Only the Top 1% of Nonprofits Accept Gifts of Real Estate

Planned Giving

Instead, it can structure the transaction so that the donor transfers title directly to the buyer through a directed close. Takeaway: Nonprofits can accept real estate gifts without ever holding the property directly, reducing liability and complexity. Every day you wait, another donor gives their propertyto someone else.

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Primary School Fundraising Ideas for Every Season | Big Fundraising Ideas

Big Fundraising Ideas

Bonus tip: To encourage early orders, promote the kits through the schools email list or PTA Facebookgroup. Charge a small fee per session or offer a term-long pass. Extra note: If you partner with a local instructor, ask them to volunteer or reduce their fee in exchange for promotion through the schoolnetwork.

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Why Are Nonprofits Experiencing An Insurance Crisis? And What Can the Nonprofit Sector Do About it?

Blue Avocado

Lower liability insurance limits First, the community-based nonprofit sector generally must carry lower limits of liability insurance. Most insurance companies have reinsurance in order to protect their solvency and transfer a portion of their liability to the reinsurer. Many of these nonprofits have never made a claim.

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Keep Your Gift Acceptance Policy Strong

Planned Giving

What you decide to accept often depends on the feasibility of following through on the procedure to accept the gift. These two questions often go hand in hand. For example, if you accept gifts of stock, do you have a trusted financial advisor to help you manage it?

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How Lessons Learned From Fighting Food Insecurity Can Help Your Nonprofit

Blue Avocado

Prior to the Good Samaritan Act, many corporations felt they could face liability for donating food, and people who salvaged it without documented donation could face prosecution. After many years of lobbying and hard work, the GSA was passed, enabling all parties to help people.

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Crafting Your Own Will: Benefits and Drawbacks for Willmakers

Planned Giving

Creating a will is a crucial step in ensuring your final wishes are respected and your loved ones are taken care of after your passing. Online platforms provide user-friendly interfaces, guiding you through each step of the process, making it accessible even for those with limited legal knowledge.