nonprofit
Waiting until year end to plan your not-for-profit’s annual report can lead to rushed content and overlooked accomplishments. By gathering personal impact stories and financial highlights throughout the year, you…
Businesses in economically distressed communities often have difficulty obtaining capital for expansion, equipment, facilities and other investments. The New Markets Tax Credit (NMTC) encourages private investment in these underserved areas…
How are your nonprofit’s accounting processes running these days? Even well-managed organizations can benefit from periodically reviewing how financial tasks are performed. Whether you’re planning budgets, processing invoices, closing the…
Today’s nonprofit HR teams often oversee a myriad of functions. These include recruiting, hiring, onboarding, training, payroll coordination, benefits administration, performance management and employee relations. HR staffers may also help…
A thoughtful spending policy helps nonprofits balance today’s funding needs with tomorrow’s financial stability. Now is an ideal time to evaluate whether your current approach supports your mission. Here’s a…
A merger of nonprofit organizations can provide many benefits, but only when organizations enter the process with clear goals and conduct careful due diligence. Here’s what to consider. Why pursue…
Today’s donors increasingly want to play an active role in deciding where their charitable dollars go. That’s one reason giving circles — groups of individuals who pool their contributions and…
Estate tax savings have long been one of the benefits of giving to charity. In recent years, however, this has been less of a factor for many donors. The federal…
Special events — such as galas, golf tournaments and auctions — remain a cornerstone of nonprofit fundraising. But amid the logistics of planning and promotion, it’s easy to overlook the…
Leadership transitions are inevitable for every nonprofit. Whether caused by retirement, career moves or unexpected departures, these changes can disrupt operations if organizations aren’t prepared. A well-structured succession plan helps…
Program evaluation is a significant responsibility for nonprofit leaders, especially in times of financial uncertainty. The task can seem daunting, and you may be reluctant to find fault with long-standing…
Board members don’t need accounting credentials to provide effective oversight. In fact, many nonprofit boards are intentionally composed of individuals with diverse backgrounds in fundraising, program delivery, community leadership, marketing,…
Insurance is a critical part of a nonprofit’s overall risk-management strategy. From protecting employees and volunteers to safeguarding facilities, programs and financial resources, the right coverage can help your organization…
Many nonprofits experience financial challenges. Even organizations with healthy fundraising can face cash shortages if money isn’t arriving when it’s needed. Whatever your organization’s situation, better cash flow management can…
Nonprofits often face challenges that require specialized expertise, broader community representation or fundraising connections beyond what their governing boards provide. An advisory board can be an effective way to strengthen…