Employee Retention: Keep Them if You’ve Got Them

Today’s tight labor market can make it hard for nonprofits to recruit and retain good people. This short article gives readers several low-cost tools for holding on to the staffers they have, including career development paths.

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Nonprofits: You Too Could Fall Victim to a Celebrity Scandal

Celebrity spokespeople can help raise awareness of a charity’s mission, attract new audiences, generate donations and change public opinion on a subject. But as fallout of the #MeToo movement has shown, nonprofits can also be hurt by association with a disgraced celebrity. This article talks about how to handle celebrity-related PR disasters — and prevent them from happening in the first place.

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Educating Donors About What They Can – and Can’t – Deduct

To help prevent unwelcome surprises when donors file their returns, nonprofits should inform them about the tax benefits of different types of donations. This article summarizes the tax treatments of various donations, including cash, ordinary income property, capital gains property, tangible personal property, vehicles and other items.

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How to Secure Lasting Corporate Support

For nonprofits, increasing corporate support is similar to establishing relationships with individual donors. But while emotional factors generally drive individuals to support a charity, companies need both emotional and strategic rationalizations. This article suggests ideas for engaging companies, including providing ways for corporate donors’ employees to get involved.

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The Price of Giving: Tax Reform’s Impact on Charitable Donations

If you make substantial donations to charity, it’s important to evaluate the impact of the Tax Cuts and Jobs Act (TCJA) on the “price” of your gifts. Even though charitable giving is motivated primarily by compassion and generosity rather than the availability of tax incentives, the after-tax cost may affect the amount you’re willing or…

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Stop Employee Credit Card Abuse Before It Starts

A nonprofit staffer charged legitimate travel-related expenses to her employer’s credit card. Although she intended to file an expense report, her employer never asked for it — nor did the employer question her when it received the card statement. The employee was recently divorced and under unusual financial pressure, so when she couldn’t pay for…

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3 Tips for Achieving Your Mission More Cost-Effectively

Do you want to control costs and improve delivery of your nonprofit’s programs and services? It may not be as difficult as you think. Several simple initiatives can make a big difference in how efficiently your organization operates. Here are three:

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Have Faith… But Take Precautions

Financial best practices for religious congregations Because they aren’t required to file tax returns, many churches, synagogues, mosques and other religious congregations don’t hire independent accountants to perform regular audits. But regardless of size, religious organizations often are subject to other requirements, such as reporting unrelated business income tax (UBIT) and properly classifying employees. Without…

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Tax Cuts and Jobs Act: Planning Can Help Your Nonprofit Minimize Negative Effects

Months after the Tax Cuts and Jobs Act (TCJA) was signed into law, nonprofits are still trying to assess its consequences. Some of the early proposals that raised alarms in the charitable sector — such as a repeal of the Johnson amendment — didn’t make it into the final version of the law. But there’s…

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tax reform

What Nonprofits Need to Know About the New Tax Law

The number of taxpayers who itemize deductions on their federal tax return — and, thus, are eligible to deduct charitable contributions — is estimated by the Tax Policy Center to drop from 37% in 2017 to 16% in 2018. That’s because the recently passed Tax Cuts and Jobs Act (TCJA) substantially raises the standard deduction.…

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