GrantNews

JULY 19, 2024

Navigating the tax framework supporting grant money requires careful consideration to ensure compliance with IRS regulations and avoid potential tax liabilities. Consulting a tax professional is advisable to ensure compliance with IRS regulations, maximize benefits, and avoid unexpected tax liabilities.

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Grant Grants Liability Finance 122

GrantNews

AUGUST 6, 2024

The Food Donation Improvement Act reduces liability for donors who make food donations. This bipartisan legislation will reduce food waste and improve food insecurity by encouraging new public and private partnerships by expanding liability protection for food donors. However, there is good news. How, you may ask?

Liability 100

Liability Grant Grants Transportation 100

The NonProfit Times

AUGUST 21, 2024

The report analyzed healthcare sector Chapter 11 bankruptcy filings from 2019 through mid-2024 for companies with more than $10 million in liabilities. Meanwhile, healthcare bankruptcy filings have slowed, according to an analysis by healthcare restructuring advisory firm Gibbins Advisors and first reported by Fierce Healthcare.

Lobbying 52

Lobbying Insurance Insurance Liability 52

Planned Giving

NOVEMBER 2, 2023

Being specific helps remove doubt as the policy is passed to new interpreters, preserves relationships with donors by offering a board-approved policy instead of a subjective opinion on their gift and avoids unintended liabilities for the organization. A gift acceptance policy is no different.

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Policies Policy Liability Pass-Through 75

GrantNews

OCTOBER 26, 2023

If approved, incorporation as an LLC shields individual company members from personal liability for any debts incurred by the LLC. For more details about LLCs, here is a link to the IRS definition of a Limited Liability Company (LLC). However, it is possible.

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Liability Nonprofit Government Grant 98

Planned Giving

MAY 13, 2024

This will reduce your future tax liability when you sell the stock. As the Wash Sale rule doesn’t apply to stock gifts or capital gains, you can capture the tax savings above while stepping up the cost basis of your shares.

Liability 89

Liability Donation Consulting Consulting 89

The NonProfit Times

APRIL 17, 2024

At the time researchers were concluding their study, 20 state or local governments had passed or were considering programs to fund $13 billion in medical debt relief over and above what charities had provided.

Liability 78

Liability Policies Policy Government 78

GrantNews

MARCH 13, 2024

Good Samaritan laws grant liability protection to folks who offer reasonable assistance to those who are hurt, sick, in danger, or otherwise incapacitated. A Good Samaritan is someone who is helpful to someone in distress; it’s a person who shows kindness to strangers and loved ones alike.

Government 83

Government Liability Grant Grants 83

Planned Giving

JULY 29, 2024

Inventorying the Estate: Compiling a detailed list of assets and liabilities. Estate: All assets and liabilities left by the decedent. Tax Implications: Understanding international tax liabilities and treaties. Their key duties include: Managing Assets: Safeguarding and maintaining the estate’s assets until distribution.

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Pass-Through Insurance Insurance Liability 52

Red Tape Busters

NOVEMBER 1, 2023

For instance, when tender writers fail to thoroughly review insurance requirements, penalty clauses, or dispute resolution processes, it can leave their organisation vulnerable to unexpected liabilities. Overlooking unfavourable terms may result in the organisation assuming unintended liabilities or losing valuable rights.

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Contract Contracts Liability Proposal 52

Candid

APRIL 11, 2024

When the Supreme Court gutted race-conscious admissions last summer and the American Alliance for Equal Rights followed with a lawsuit against the Fearless Fund, some in the philanthropic sector feared that demographic data had become a potential liability.

Demographics 88

Demographics Liability Ethics AI 88

Get Fully Funded

MARCH 16, 2023

To protect your organization from legal liabilities, you can incorporate online waivers into this process. Waivers are intended to protect the organization from potential risks and liabilities they could incur if a participant gets injured during the event, for example.

Fundraising 52

Fundraising Liability Electronics Media 52

Grant Writer Team

AUGUST 1, 2024

Risk Management : Identifies and addresses potential financial risks and liabilities. Financial Planning : Provides guidance on long-term financial strategies and resource allocation. By performing these functions, the committee plays a pivotal role in supporting the nonprofit’s mission and ensuring its long-term sustainability.

Finance 67

Finance Budget Nonprofit Liability 67

Qgiv

MARCH 5, 2024

501(c)(2) : This type of tax-exemption is for exempt organizations to create a corporation to hold the title to property the organization owns to minimize liability risks of losing the property. While the public can make contributions to these organizations, private citizens can’t create one because they’re created by congress.

Insurance 52

Insurance Insurance Nonprofit Liability 52

DoJiggy

JULY 23, 2024

The Statement of Financial Position (AKA The Balance Sheet) The Statement of Financial Position provides a snapshot of the organization’s financial status at a particular point in time, detailing assets, liabilities, and net assets. Liabilities are what your organization owes to vendors, employees, or others.

Nonprofit 40

Nonprofit Liability Template Management 40

Get Fully Funded

MAY 4, 2021

Let your volunteers know about your organization’s liability coverage, what it covers and what it does not. Also share with volunteers about the Volunteer Protection Act , which protects volunteers from liability in cases of ordinary negligence. Is there a liability release everyone must sign? Is orientation required?

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Policies Policy Liability Training 119

Grant Writer Team

JULY 7, 2023

Rather than assuming liability, GrantWriterTeam’s role is to make available the platform for connections. GrantWriterTeam has launched an interactive platform that encourages direct connections and customizable interactions between grant writers and grant seekers.

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Writing Sample Grant Writing Contract Contracts 52

Blackbaud

SEPTEMBER 19, 2024

Take a look below to learn more about the other three financial statements: Financial Statement Purpose Statement of Financial Position A snapshot of a nonprofit’s assets, liabilities, and net assets at a given point in time, showing its overall financial health.

Finance 78

Finance Nonprofit Utilities Indirect 78

Soapbox Exchange

APRIL 7, 2024

Cost-Effective Fraud Prevention The repercussions of a security breach can be devastating for nonprofits, leading to financial losses, reputational damage, and legal liabilities.

AI 52

AI Liability CRM Fundraising 52

Blackbaud

AUGUST 1, 2024

All of them applauded the plan of action but explained that none of their responsibilities focused on charitable planning to reduce or eliminate tax liability. We met with his CPA, his financial advisor, and his lawyers. For this entrepreneur, this was a true “aha” moment. “I I thought I had all the advisors I needed,” he wrote to me later.

Donation 79

Donation Liability Demographics Policies 79

Candid

MARCH 19, 2024

You’ll just need to fill out a few required fields, including your organization’s fiscal year, revenue, expenses, assets, and liabilities. You can earn a Gold Seal of Transparency without sharing an audited financial statement. Find step-by-step guidance in our help article.

Metrics 52

Metrics Liability Publishing Management 52

Candid

JULY 18, 2023

For example, some prefer personal giving or directing their philanthropy through limited liability companies (LLCs). Impacts on funding transparency and accessibility When it comes to the transparency of pledgers’ philanthropy, it’s important to consider the ways pledgers formalize their giving outside of foundations.

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Liability Funding Finance Education 90

GrantNews

MAY 8, 2024

This plan includes general liability insurance, commercial property insurance and business income insurance. The price of this insurance can vary depending upon the coverage plan chosen. However, most nonprofit organizations start out with a Business Owner’s Policy (BOP). The cost usually runs from $200-$300 a month.

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Insurance Insurance Liability Insurance Nonprofit 91

Center for Major Gifts

JUNE 16, 2024

Nonprofits can refuse to accept a property if it puts the nonprofit at risk of liability or unaffordable expenses. The nonprofit will conduct due diligence, including assessing the property’s condition, marketability, and potential liabilities. Approach the nonprofit to be sure they can accept your gift.

Pass-Through 52

Pass-Through Insurance Insurance Liability 52

OneCause

AUGUST 2, 2023

Collect only the information you must have – such as contact information, emergency contact information, a liability waiver, and t-shirt size. Here are some ideas to make your online registration page more streamlined and inspiring: Keep it as short as possible. You can collect more information later.

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Retainer Software Template Liability 97

Candid

OCTOBER 26, 2022

Please consult a tax professional when determining how a gift of cryptocurrency could affect your tax liability. For more information, please visit endaoment.org. Note: Endaoment does not give tax advice. The post Crypto fundraising: diversifying donations for GivingTuesday appeared first on Candid Blog.

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Donation Fundraising Liability Grant 92

Planned Giving

AUGUST 14, 2024

Trustee’s Liability Trustees can be held liable for mismanagement of trust assets. Tax Implications for Trusts Trusts have specific tax obligations: Trustees must file annual tax returns for the trust. Beneficiaries may be responsible for taxes on distributions received. Seek professional advice when necessary.

Management 52

Management Liability Funding IT 52

Greater Giving

DECEMBER 5, 2022

A secure payment gateway is the most important step you can take to protect your donors’ credit card data and avoid liability. Nonprofits need a payment gateway to process online payments. Use a Secure Payment Gateway. the standard for nonprofits). Do some research on payment gateways before choosing one.

Liability 40

Liability Nonprofit Donation Application 40

Planned Giving

NOVEMBER 14, 2023

Some fear there may be liability issues. But that doesn’t mean everyone is on board with the concept. There’s a lot of debate in the industry over whether we should give donors the opportunity to draft a will using a DIY (do-it-yourself) approach. Others worry it works against the interests of financial advisors and ruins relationships.

Nonprofit 92

Nonprofit Liability Publishing Education 92

DoJiggy

SEPTEMBER 19, 2024

Add it to your Form 990 to account for your assets and liabilities. The IRS requires you to file no fewer than four audited financial statements. These are the following: Statement of financial position : share what you own and what you owe. Statement of activities : your yearly revenue and changes in net assets.

Management 52

Management Finance Budget Nonprofit 52

Tech Soup

MARCH 30, 2015

As set forth above, the contact person (on behalf of him/herself and/or the submitting group) understands that the individual or group will not receive any compensation (other than prize, if submission is determined to be a prize winner) and releases and agrees to hold harmless Sponsor from any liability in conjunction therewith.

Liability 84

Liability Award Education Publishing 84

Greater Giving

DECEMBER 19, 2023

Also called a balance sheet, this statement lists your nonprofit’s assets, liabilities, and net assets to provide a snapshot of your organization’s financial health. You can compare this data to your budget from the previous year and use that information to make more accurate projections for the coming year. Statement of financial position.

Nonprofit 52

Nonprofit Strategic Plan Finance Government 52

Candid

APRIL 14, 2022

Limited liability company. $124,568,460. Independent foundation. 46,485,100. High net-worth individuals. 22,194,590. Family Foundation. 17,662,000. 7,000,000. Governmentally linked foundation. 667,728,963.

Grant 88

Grant Grants Liability Award 88

Tech Soup

MARCH 12, 2012

congestion, legal liability, and confidentiality breaches. Without a simple disclaimer, your organization is left open to liability for the information getting into unintended hands. By adding a disclaimer to all of your outgoing emails, you can warn the recipient of confidential content and disclaim liability.

Liability 36

Liability Nonprofit Policies Policy 36

Blackbaud

SEPTEMBER 7, 2024

Financial Statement Purpose Statement of Financial Position A snapshot of a nonprofit’s assets, liabilities, and net assets at a given point in time, showing its overall financial health. Statement of Activities A report detailing a nonprofit’s revenues and expenses over a period, reflecting the changes in its net assets.

Professional Services 52

Professional Services Funding Donation Grant 52

Qgiv

AUGUST 10, 2022

This is also a good time to discuss liability issues and your board liability insurance (which you have, of course.) Whether you review your nonprofit’s Form 990 with them now or when discussing finance is up to you, but they should be aware of its existence, importance, and public nature.

Finance 52

Finance Nonprofit Policies Policy 52

Get Fully Funded

JANUARY 16, 2024

Also called a balance sheet, this statement breaks down your nonprofit’s assets and liabilities to provide a snapshot of your organization’s financial health. You can compare this statement to the predictions in that year’s budget and then make more accurate projections for the following year. Statement of financial position.

Policies 52

Policies Policy Finance Budget 52