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Why Are Nonprofits Experiencing An Insurance Crisis? And What Can the Nonprofit Sector Do About it?

Blue Avocado

If you’re reading this, you probably already know about the problems that nonprofits like yours are facing with their insurance: Rising insurance premiums, poor coverage from commercial insurance carriers, and in some cases, the loss of coverage altogether. Why are insurance rates soaring for nonprofits?

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Analyzing Budgets and Saving Money at a Nonprofit

Get Fully Funded

Organizations are always making miracles happen on tight budgets. Above all, planning for financial sustainability comes down to Budgeting and Expenses: First, sit down with your accountant. Community Service Programs – General maintenance, repairs, and lawn care services impact the monthly budget.

Budget 98
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Project Budgeting for New Grant Writers

Peak Proposals

Grant proposals have at least two parts: the project narrative and the budget (aka cost proposal). There may not be a division of responsibilities between the cost and narrative proposals at a small nonprofit, leaving the project lead (or the grant writer) to both write the proposal narrative and prepare the budget.

Budget 69
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Your Unrestricted Funds Need Stewardship, Too

Blackbaud

Many don’t cover operating costs or have a small allotment for indirect costs such as salaries, insurance, and utilities. A lot of individual donations, like ones that come through your organization’s website or through the Annual Fund, are often unrestricted. They don’t come with any direction or reporting requirements.

Funding 111
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Stories from Donors in the 2021 Burk Donor Survey on Why They Give

Penelope Burk

. ————————————————– In my early twenties, living on my own and under a very tight budget, I was walking the 16th Street Mall on my lunch hour. My deep gratitude, which I express through giving, continues to this day.

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Primary School Fundraising Ideas for Every Season | Big Fundraising Ideas

Big Fundraising Ideas

Bonus tip: To encourage early orders, promote the kits through the schools email list or PTA Facebookgroup. Charge a small fee per session or offer a term-long pass. Extra note: If you partner with a local instructor, ask them to volunteer or reduce their fee in exchange for promotion through the schoolnetwork.

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Estate Planning Essentials: 10 Crucial Documents for Organizing Your Affairs

Planned Giving

However, modern online tools have simplified this process, making it more accessible and budget-friendly than ever before. Beneficiary Designations Certain assets can be transferred directly to beneficiaries without going through probate. These non-probate assets include 401(k) accounts, pensions, and life insurance policies.