For Nonprofits, Quid Pro Quo Isn’t a Simple Exchange

Quid pro quo donations occur when a nonprofit receives a payment that includes a contribution and the organization provides the donor with goods or services valued at less than the contributor’s payment. Among other things, these arrangements create reporting obligations for your nonprofit. And if you don’t meet these obligations, the IRS could assess financial […]

Nonprofits: Tips for Getting the Grant

There are thousands of grants and millions of dollars available to nonprofits from the federal government, states, foundations and other sources. Unfortunately, you can’t just ask nicely and expect to receive them. Qualifying for the funding your organization needs generally requires you to submit thorough, professional and compelling grant proposals. Here are a few tips. […]

Support Your Nonprofit’s Financial Plans with Board Designations

The pandemic, ongoing economic insecurity and uncertainty about the future have prompted some nonprofits to make board designations of unrestricted assets. What are board designations, why are they worth considering and how does the process work? Self-Imposed Limits “Board-designated assets” refers to funds that haven’t been restricted by donors but are subject to self-imposed limits […]

Matching Gifts Make Donations Twice as Sweet

According to nonprofit consultant Double the Donation, almost 65% of U.S. companies offer matching gift programs to help boost their employees’ charitable giving power. Sadly, billions of dollars in corporate matching gift funds go unclaimed every year. If your nonprofit isn’t actively pursuing these gifts, you may be leaving them on the table. Participating Employers […]

Classify your Nonprofit’s Workers Correctly — or Risk Repercussions

Many nonprofits are understaffed in 2022, thanks to a labor shortage and pandemic-related budget shortfalls. Some organizations are filling the gaps with freelancers and contractors. However, such decisions can lead to trouble if these workers should really be classified as employees according to the Department of Labor (DOL) or the IRS. To ensure your workers […]

CFO, Yes or No? Here’s How to Decide

Whether your nonprofit organization needs a chief financial officer (CFO) depends on many factors, such as the size of your organization, the complexity and types of revenue sources, and the number of programs you have. Static organizations are less likely to need a CFO than those with evolving programs and long-term plans that rely on […]

What Charitable Givers Need to Know about Taxes

Although most charitable donors aren’t primarily motivated by potential tax breaks, they still need to know how donations affect their taxes. It’s important for your nonprofit to educate them — particularly as tax laws change. For example, in 2020 and 2021, even nonitemizers were allowed to deduct up to $300 and itemizers could deduct cash […]

Need Extra Hands? Try Local Companies

If your nonprofit is trying to fulfill its mission with less volunteer help these days, you’re not alone. A December 2021 Gallop poll found that although donating to charity has largely returned to pre-pandemic levels, volunteering was still down. Only 56% of survey respondents said they’d volunteered in the past year, compared with 64% in […]

Time to Spring Clean Your Programming Lineup

Does your nonprofit offer programs that may have started out promising, but have become disappointing? Do you have replacement programs in mind but haven’t yet secured funding for them? Consider subjecting your programming lineup to a good spring cleaning. That way, you can reallocate funds to offerings that have the best potential to meet your […]

Conflict-of-Interest Policies: It’s about Trust

According to a 2021 Independent Sector survey, 57% of Americans trust nonprofits to “do what is right.” Although that’s a majority, being trusted by just over half of respondents is hardly worth celebrating. Well-publicized scandals involving nonprofit principals and a general decline in the population’s faith in institutions (particularly among conservatives and rural dwellers) have […]