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How Government Grants Are Changing Grant-Making Policies

GrantNews

Specifically, to improve food insecurity and reduce food waste by expanding liability protection for food donors. We have been held together by a few documents and symbols for the past 200 years. To illustrate, On January 5, 2023, the bipartisan supported Food Donation Improvement Act (FDIA) was signed into law.

Policies 106
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Basics of Nonprofit Accounting: 4 Documents to Know

The Fundraising Coach

If youre just getting started with nonprofit accounting, one of the most straightforward entry points is to learn about some of the key documents involved in this process. Liabilities (account numbers beginning with 2000): Everything your nonprofit owes, including debt, deferred revenue, and accounts payable. should have input on.

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Do You Have to Pay Taxes on Grant Money?

GrantNews

Navigating the tax framework supporting grant money requires careful consideration to ensure compliance with IRS regulations and avoid potential tax liabilities. Reporting Requirements When grant money is taxable, the grantor typically issues a Form 1099-G or similar documentation to report the amount received.

Grant 124
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Keep Your Gift Acceptance Policy Strong

Planned Giving

This document is written to explain charitable gifts to donors, but it is helpful to enlighten nonprofits on the burden of reporting unusual major gifts legally too. Referring to the IRS fair market value guidelines document above, as this is an authoritative, frequently updated source. A gift acceptance policy is no different.

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How to Create a Volunteer Handbook Your Volunteers Will Use

Get Fully Funded

Let your volunteers know about your organization’s liability coverage, what it covers and what it does not. Also share with volunteers about the Volunteer Protection Act , which protects volunteers from liability in cases of ordinary negligence. Is there a liability release everyone must sign? Is orientation required?

Policies 119
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What Are 7 Common Nonprofit Startup Costs?

GrantNews

Cost of Incorporation& Tax-Exempt Status Every nonprofit startup must file a legal document known as the articles of incorporation with their state to begin the process. Nonprofits often use a lawyer to get a set of ‘trained professional eyes’ on their documents. The cost usually runs from $200-$300 a month.

Insurance 114
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Statement of Cash Flows: How Nonprofits Track Inflow and Outflow of Money

Blackbaud

Below, we provide more detail about this document and why it plays such a key role in successful financial management. Without a clear Statement of Cash Flows, a nonprofit organization may not be maximizing its resources or identifying areas of opportunity or concern. How Do Organizations Use the Statement of Cash Flows?

Finance 98