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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 108
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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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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.

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Impactful Legacy Giving Benefits for You and Your Donors

The Fundraising Coach

This is completed either by setting aside a donation to be given after the donor passes away or by giving a gift during their lifetime that continues to grow following the donor’s passing. Life insurance: Donors can list your organization as a beneficiary on their life insurance policy. Tax benefits.

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In-Kind Donations 101: A Guide for Nonprofits

Qgiv

Cash equivalent in-kind contributions, including stocks, bonds, or insurance beneficiaries, can also be considered a type of good, as they can be converted to cash depending on your organization’s policies. If you’re looking for resources to pass on to the people your cause helps, you can create a list of goods you need to collect.