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What Are 7 Common Nonprofit Startup Costs?

GrantNews

This will include money for payroll, benefits, payroll taxes and contract employees. Nonprofit Insurance Many nonprofits purchase nonprofit insurance when starting their organization. Business insurance is to protect nonprofits from any claims against the nonprofit made as a result of normal operations.

Insurance 114
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How to Improve On-Time Tuition Payments

Blackbaud

However, before a business officer offers flexibility, it’s essential to have rules that define the terms of tuition payment and processing and have school leadership fully support those policies. Having that contract roll from the school’s admissions software into its tuition management system helps eliminate chaos and confusion.

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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?

Grant 59
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Is There An Inequality Tipping Point for Nonprofits?

Blue Avocado

As smaller donations continue to decline, the philanthropic system is at risk of catastrophic failure if high-net-worth individuals, driven by natural human fears, feel a need to give less and less as insurance against a dangerous future. But we need to prepare now. At the same time, philanthropy can pursue the same end.

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Why Nonprofits Are Needed in the Sharing Economy

Tech Soup

Blurred Policy Lines and the Downsides of Sharing. She calls it The Great Risk Shift, where for-profit companies are shifting the liability, overhead, insurance, and consumer risks to the individual workers (and to the consumers). Sustainability and other do-gooder motivations are much lower on the list of reasons why they participate.

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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.

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5 Strategies To Keep Your Office Safe

The NonProfit Times

Private security contractors – An established security contract with a professional security service. Make sure your contract ensures they will assume liability for their actions and that the contractor is adequately insured and names your organization as an additional insured on their policies.