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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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What Are 7 Common Nonprofit Startup Costs?

GrantNews

Stay focused on your goal, but be prepared for what you’ll need to move forward. If your fundraising goal is under $50,000, you would likely be eligible to file Form 1023-EZ (short form) at an approximate cost of $275 (as of 2018). This will include money for payroll, benefits, payroll taxes and contract employees.

Insurance 112
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How to Build a Better Nonprofit Budget in Less Time and with Less Stress

Blackbaud

A clear understanding of your core mission and short-term and long-term goals aligns the budget and financial decisions with the overall direction of the organization. Having your organization’s mission and short- and long-term goals as a guide will also allow for flexibility in the budget.

Budget 119
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How to Improve On-Time Tuition Payments

Blackbaud

The tuition cycle starts with the school’s contract, which should clearly outline policies, expectations, and consequences that families acknowledge during enrollment. Having that contract roll from the school’s admissions software into its tuition management system helps eliminate chaos and confusion.

Contracts 105
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Five Costly Mistakes Tender Writers Must Avoid

Red Tape Busters

The ultimate goal for any tender writer is to win lucrative contracts and secure business opportunities for their organisation. Overpromising and Underdelivering – A Reputational Blow For tender writers , winning a contract can be a moment of triumph, but it also comes with significant responsibilities.

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Philanthropy Officers and Grant Professionals

Grant Professionals Association

The dividing lines between the work of grants and contracts and philanthropy can be as distinct as two different divisions that have separate, defined functions, or as blurred as the responsibilities of a single individual who wears two different hats. Sometimes KPIs can be so divisive that they lead to unnecessary staff turnover.

Grants 59
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The Nonprofit’s Guide to Legacy Giving

Qgiv

Gifts of life insurance. A gift of life insurance is when a donor names an organization as the beneficiary of an insurance policy or transfers ownership of the policy to the charity. A charitable gift annuity is a contract where a donor makes a gift to a nonprofit in exchange for a fixed sum each year for life.