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How to Develop Your Nonprofit Operating Reserves

Blackbaud

Consult your auditor and CPA to identify the options that work best for your organization. If you have an issue where you have to dip into your operating reserves, make it a priority to refill that fund so you are prepared for the next unexpected bump in the road. This post was originally published October 2016 and updated January 2025.

Contracts 104
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American Red Cross Sued Claiming Haitian Relief Funds Misused

The NonProfit Times

Their hopes and struggles and agonies Get us grants and consulting fees. There’s a market for their pain, Votes and glory and money to gain. Let us celebrate the poor. Their ills, their sins, their faulty diction Flavor our songs and spice our fiction. Celebrate thugs and clowns, Give their ignorance all renown.

Funding 143
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What Every Nonprofit Needs to Know About Financial Audits

Blackbaud

Compliance audits, which ensure your nonprofits adherence to federal, state, and local government regulations, as well as your organizations bylaws and other policies across all aspects of your work. This is also a good time to hammer out the details of your contract for working together before you finalize it and make it binding.

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How to Start a Planned Giving Program: A Comprehensive Guide

Center for Major Gifts

Charitable Gift Annuities A charitable gift annuity is a contract between a donor and a charity. Offer individual consultations to help donors explore which options might be best for their situation. Encourage donors to consult with their own legal and financial advisors as well.

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Receive Expert HR Advice by Phone or Email with New HR Solutions Partners Discount Program!

Tech Soup

And if a nonprofit lacks funding and resources for HR functions, then policy manuals and forms, performance reviews, and regular training can all become desperately out of date or be nonexistent. These consultation hours can be divided up and used across multiple sessions, with each session having a fifteen-minute minimum.

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What Are 7 Common Nonprofit Startup Costs?

GrantNews

This will include money for payroll, benefits, payroll taxes and contract employees. However, most nonprofit organizations start out with a Business Owner’s Policy (BOP). Funding is intended for maintenance, winterization, initial and annual start-ups, and technical consultation services.

Insurance 113
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Philanthropy Officers and Grant Professionals

Grant Professionals Association

What you do next is entirely dependent on the policies and procedures that your organization has put in place for your development team. Create philanthropic policies that incentivize partnership. Establish written policies and procedures to empower your development office. A decision tree is a great first step. Is this a grant?

Grants 59