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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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Learning from peers to refine your nonprofit funding strategy

Candid

Based on Bridgespans experience and research, here are the main revenue categories and what they include: Governments: e.g., community block grants, insurance reimbursements, government grants, government contracts Small gifts (under $10,000) from Individuals: e.g., donations, entry fees, individual membership fees, religious contributions, bequests (..)

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#RiskyBusiness: Risk Management for Nonprofits: Contracts

Blue Avocado

Our simple 3 question quiz helps you get smarter about nonprofit contracts. Christopher Reed serves as Corporate Counsel for Nonprofits Insurance Alliance. The post #RiskyBusiness: Risk Management for Nonprofits: Contracts appeared first on Blue Avocado. Take the quiz.

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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.

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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.

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Analyzing Budgets and Saving Money at a Nonprofit

Get Fully Funded

Speak with your accountant to explore what “contract positions” entail. It might be possible to keep staff members on a contract basis until your organization can sustain employees long-term. Service Contracts – Don’t forget to reassess annual service contracts.

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

Blackbaud

Work with the heads of each department to analyze expense history, review contracts for any automatic expense increases, and evaluate the strategic plan for any additional expenses to include. These are set costs like headquarters rent, insurance, and administrative salaries.

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