Your Nonprofit Needs Multiple Revenue Sources

One of the strongest predictors of a nonprofit’s long-term survival is multiple revenue streams. Many organizations with only one or two found that out that the hard way when they failed during the 2008 recession. The same is likely to be true for nonprofits that do — or don’t — survive the current novel coronavirus […]

When Nonprofit Contributions Are Quid Pro Quo

Charitable contributions aren’t always eligible for tax deductions — even when the nonprofit recipient is tax exempt and the donor itemizes. Take “quid pro quo” donations. These transactions occur when your organization receives a payment that includes a contribution and you provide the donor with goods or services valued for less than the total payment. […]

Is Your Nonprofit’s Tap Running Dry?

The novel coronavirus (COVID-19) crisis has put enormous financial stress on many not-for-profits — whether they’re temporarily shut down or actively fighting the pandemic. If cash flow has dried up, your organization may need to do more than trim expenses. Here’s how to assess your financial condition and take appropriate action. Put Your Board in […]

Time to Team Up: Nonprofit Partnerships

Limited staff and financial resources during the novel coronavirus (COVID-19) pandemic may have your not-for-profit looking for new ways to achieve your mission. Partnering with a like-minded organization potentially enables you to pool funds, staff and supporters — temporarily or permanently. Two Primary Arrangements There are many types of partnership arrangements between nonprofit organizations. But […]

How to Handle Gifts In-Kind and Donated Services

As unemployment and financial insecurity become widespread during the novel coronavirus (COVID-19) crisis, many nonprofit donors find themselves unable to provide monetary support to favorite charities. Instead, your organization may receive offers of gifts in-kind (GIK) or donated services. Although you likely welcome these gifts, you may be unsure about how to record and value […]

For NFPs: Donor Care during the COVID-19 Pandemic

One of the many challenges of operating a not-for-profit organization during the coronavirus (COVID-19) pandemic is that just when you desperately need financial support, many donors are unable to help. Widespread unemployment, stock market volatility and general uncertainty make even dependable donors reluctant to part with their money. Then there’s the fact that donors are […]

CARES Act Offers New Hope for Cash-Strapped Nonprofits

On March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. How is this massive $2 trillion recovery package poised to help your not-for-profit organization? It depends on your group’s size, financial condition and other factors. But most nonprofits affected by the coronavirus (COVID-19) outbreak are eligible for some relief under […]

How Are You Going to Find Your Nonprofit’s Next Executive?

Every nonprofit needs an executive search plan. Even if you aren’t facing an imminent vacancy, your organization is smart to prepare for what can be a long process. In fact, executive searches generally take several months — even if you end up hiring someone already known to your nonprofit. So make plans now. Focusing Energy […]

Matching Gifts Double the Impact of Donors’ Contributions

A majority of large U.S. companies offer matching gift programs to boost the impact of their employees’ charitable gifts. Double the Donation estimates that $2 to $3 billion is donated through matching gift programs every year. At the same time, between $4 and $7 billion in matching gift funds goes unclaimed annually. Is your not-for-profit doing everything it can to claim […]