Blue Avocado

MARCH 3, 2025

Lower liability insurance limits First, the community-based nonprofit sector generally must carry lower limits of liability insurance. Most insurance companies have reinsurance in order to protect their solvency and transfer a portion of their liability to the reinsurer. The answer is fourfold.

Insurance 59

Insurance Insurance Liability Liability Insurance 59

Get Fully Funded

JUNE 29, 2021

You need a budget. And you need policies, procedures, and processes. If you’re a business, and you don’t have an audience, a brand, a budget, and a marketing plan, you can’t sell your products or services. Does your budget reflect reality? . A business cannot operate without a budget. You need a marketing plan.

Policies Procedures 116

Policies Procedures Insurance Insurance Policy 116

Candid

APRIL 11, 2024

When the Supreme Court gutted race-conscious admissions last summer and the American Alliance for Equal Rights followed with a lawsuit against the Fearless Fund, some in the philanthropic sector feared that demographic data had become a potential liability. It also provides a quantitative baseline to evaluate and build upon equity strategies.

Demographics 98

Demographics Liability Ethics AI 98

GrantNews

MAY 8, 2024

Most nonprofits set aside a percentage of their annual budget to go toward staffing. This number can vary depending on the size of the nonprofit, but for most, this is anywhere from 60-90% of their annual budget. However, most nonprofit organizations start out with a Business Owner’s Policy (BOP).

Insurance 113

Insurance Insurance Liability Insurance Nonprofit 113

Get Fully Funded

FEBRUARY 20, 2023

The Board will be responsible for monitoring how closely financial activity matches the actual budget, looking into how much programs and services cost, and whether that cost is appropriate. They should put internal controls in place and help write policies to prevent loss, theft, or confusion, using current b est practices.

Strategic Plan 116

Strategic Plan Nonprofit Ethics Government 116

Get Fully Funded

JANUARY 16, 2024

Budgeting Your nonprofit’s annual budget is a key financial planning document that guides your organization’s spending and fundraising efforts. Most nonprofits break down the revenue side of their budget by source. Jitasa’s nonprofit financial management guide recommends creating the following fiscal policies: Gift acceptance.

Policy 52

Policy Policies Finance Budget 52

DoJiggy

SEPTEMBER 19, 2024

Nonprofit financial management requires greater transparency and increased contingency planning of your budget. You also need policies to stay up-to-date with compliance and reporting requirements. Financial Planning and Budgeting The first areas to consider for management are financial planning and budgeting.

Management 52

Management Finance Budget Nonprofit 52