Get Fully Funded

MARCH 6, 2023

You may want to host an event like this at a local restaurant that has a liquor license and general liability insurance. These events should include a brief and powerful presentation (less than 5 minutes) to lay your message out there. NOTE: PLEASE check into the legalities of offering alcohol.

Fundraising 130

Fundraising Budget Nonprofit Liability Insurance 130

Get Fully Funded

MAY 1, 2023

Don’t forget things like legal and accounting services, insurance, website upkeep, internet, phone bills, and utilities. Writing a nonprofit business plan is not the easiest thing in the world, but it’s definitely worth your while and gets your ideas down on paper. How much goes to your employees’ salaries?

Nonprofit 124

Nonprofit Funding Goals Management 124

Get Fully Funded

FEBRUARY 22, 2022

These expenses include: Oversight and management, including the portion of the salaries of the Executive Director and support staff that are not attributable to fundraising or programs (staff meetings, strategic planning, annual meetings, etc.). Bookkeeping and accounting services. Legal services. Why is Categorizing Expenses so Important?

Fundraising 132

Fundraising Budget Nonprofit Indirect 132

CauseVox

JUNE 28, 2021

Oh, and don’t forget to look into “hole-in-one” insurance if you plan to give a prize for this accomplishment! This doesn’t have to be an elaborate night event with food and drinks (although that is definitely an option). Louis (hint: this is a great place to use CauseVox’s peer-to-peer fundraising capabilities). Guest Speaker.

Fundraising 98

Fundraising Donation Insurance Insurance 98

Get Fully Funded

APRIL 6, 2021

For example, an organization that sets up clinics in African and Latin American countries has a large Advisory Board made up of executives from local corporations, including several healthcare and insurance companies. The organization brings its Advisory Board together three times a year.

Nonprofit 111

Nonprofit Government Goals Insurance 111

Tech Soup

JUNE 20, 2014

The Mifos X Platform is free open source cloud software for running a microfinance organization that provides small loans, savings accounts, and micro insurance to very poor people. They are definitely a world leader in developing and educating all of us on electronic accessibility tools for disabled people.

Software 65

Software Nonprofit CRM Finance 65

Get Fully Funded

JANUARY 16, 2024

However, nonprofits like yours can’t turn a profit by definition—all of the funding you bring in has to be reinvested into your organization. The Difference Between For-Profit and Nonprofit Accounting Most for-profit organizations’ main goal in accounting is to earn the largest possible profit.

Policies 52

Policies Policy Finance Budget 52

Pamela Grow

FEBRUARY 27, 2025

Because your organization cant turn a profit by definition, the goal of tracking your finances is to demonstrate to donors, funders, the government, and the community that youre using your funding responsibly to further your mission. Accountability is at the heart of nonprofit accounting.

Liability 130

Liability Nonprofit Budget Finance 130

Planned Giving

FEBRUARY 13, 2025

These non-probate assets include 401(k) accounts, pensions, and life insurance policies. How to Create Beneficiary Designations To designate beneficiaries: Contact Institutions : Reach out to banks, insurance companies, and retirement plan administrators. Health Insurance : Covers medical expenses.

Insurance 52

Insurance Insurance Policy Policies 52

The NonProfit Times

SEPTEMBER 10, 2024

For example, the federal definition for poverty is $18,310. Among the nine largest industry sectors, rates of financial hardship for nonprofit employees varied from 16% in both the healthcare and the finance and insurance industry sectors to 42% in retail trade. ALICE households include those employed by nonprofits and otherwise.

Nonprofit 97

Nonprofit Transportation Insurance Insurance 97

Planned Giving

APRIL 19, 2024

” To explain planned giving, let’s start with a definition: Planned giving is any major gift, made during a lifetime or at death, as part of a donor’s overall financial and estate planning. These include gifts of stock, life insurance, retirement plans, real estate, personal property, or cash.

Insurance 75

Insurance Insurance Readiness Donation 75

Penelope Burk

MARCH 31, 2021

She once used my paltry $5 donation (small but a hardship for me because my unemployment benefits had run out and I had no health insurance) to inspire her team to appreciate all donations, no matter how small. She pointed out that it was lack of love and opportunity that was the real definition of poverty.

Pass-Through 130

Pass-Through Donation Budget Education 130

Planned Giving

OCTOBER 7, 2023

They have no idea how simple it is to give (and receive) a bequest; have never heard of a Donor Advised Fund; and have no idea they can accept a gift of life insurance or a retirement plan that could fund their mission for generations to come. That’s the very definition of a restricted planned gift!

Donation 59

Donation Pass-Through Insurance Insurance 59

Get Fully Funded

JULY 21, 2022

While there are lots of different kinds of planned gifts, like trusts, annuities, stock, and life insurance, the most common planned gifts are bequests, where someone simply leaves your nonprofit in their will. You could set up an endowment and possibly be set financially from here on. Hey, it happens!

Pass-Through 64

Pass-Through Insurance Insurance Donation 64

Planned Giving

AUGUST 15, 2024

Definition and Purpose of Estate Planning Think of the importance of estate planning as your way of taking care of your loved ones from beyond the grave (sounds a bit spooky, I know). It’s like an insurance policy for your life, not just your death. So, what’s all the fuss about the importance of estate planning?

Insurance 74

Insurance Insurance SAM Liability 74

Planned Giving

APRIL 19, 2024

” To explain planned giving, let’s start with a definition: Planned giving is any major gift, made during a lifetime or at death, as part of a donor’s overall financial and estate planning. These include gifts of stock, life insurance, retirement plans, real estate, personal property, or cash.

Insurance 40

Insurance Insurance Readiness Donation 40

Planned Giving

JANUARY 14, 2025

Yes, probate can be bypassed using strategies like setting up a living trust, joint tenancy with rights of survivorship, payable-on-death (POD) accounts, and naming beneficiaries on life insurance and retirement plans. Assets with designated beneficiaries, such as life insurance or retirement accounts, bypass probate.

Insurance 52

Insurance Insurance Liability Consulting 52

Qgiv

JULY 21, 2022

Even though the definition below is focused on product marketing, we fundraisers know how effective storytelling is with donors in our communications. Prior to joining BDI, Stephanie led her own digital design firm, and had marketing roles with Fortune 500 companies in the Insurance, Education, and Service industries.

Fundraising 59

Fundraising Nonprofit Media Donation 59