This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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?
These include categories like grants, donations from individuals, support from companies, and earned income from services or products. Lets consider the different revenue sources nonprofits typically get their funding from.
Its helpful to organize this section according to the five primary categories of nonprofit revenueindividual donations, corporate philanthropy, earned income, investments, and grants to align with your budget and internal records.
Big Sunday , a service organization based in Los Angeles, provided a list of resources during the wildfires in 2025, including evacuation sites, air quality maps, and insurance tips. You not only know your community, but you also know the people who care about it and donate to its most important causes.
Sample Golf Tournament Budget Projecting Tournament Income Setting estimated values for incoming revenue from ticket sales, sponsorships, online donations, and product sales can help you estimate projected income and establish financial goals for your fundraising event. Can you receive in-kind donations or services to help you save money?
Not all donations need to be monetary! By accepting in-kind donations, you can ask your donors to provide resources for your mission in ways that may be more accessible for some of your supporters. Despite not donating financially, in-kind donations can still qualify as a tax dedication, further benefiting your donors.
You might like to consider supporting them as part of your estate plan, making a charitable donation with the wealth you leave behind. It also feels great, which is why so many people opt to add a charitable donation to their estate plan. It’s one of the best ways to maximize the value of your donations.
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.
Shrinking Congregations, Smaller Donations Ignoring the Warnings Since the pandemic, “one in five U.S. Its primary fuel – donations – is drying up and disappearing. The Future is Not Bright About 58% of church donations come from people 65 and over. Yet our houses of worship consistently rank near the bottom of U.S.
For starters, experts say if Robbie had created an irrevocable life insurance trust with enough value to cover the expected estate taxes, his heirs would not have had to sell anything. Consider all your options, including life insurance, charitable gifts, and the charitable donation of retirement accounts.
How to Make Charitable Donations in Your Will Including charitable donations in your will is a meaningful way to ensure that your legacy continues to make a positive impact long after you are gone. Financial Assets Cash Donations Cash donations are straightforward and highly valued by charities.
So, while bequests, insurance policies and planned gifts are exciting for the organization, those donations won’t be reflected in the GAAP reporting. Kudos to your development team for getting the payout from an insurance policy of a 45-year-old.
How to do it: Gather donations from familiesespecially those of outgoing sixth gradersbefore the previous year ends. If you plan to serve alcohol (where permitted), check local regulations and appropriate insurance needs. Ask parents or local garden stores to donate seedlings. How to do it: Host a seed or plant sale.
This can range from highlighting volunteer and community opportunities, to making matchable donations, to sharing news and updates on the company’s commitment to and progress addressing social initiatives. Causecast's Employee Impact Platform. for cause marketing , this is one area where companies will have to pay for play.
Since she signed the Giving Pledge in 2019 and began her momentous campaign of organization-changing donations, MacKenzie Scott has given away more than $17.3 Restricted funds are donations or grants that can only be used for the purposes specified by the funder. All in unrestricted funds with no reporting necessary.
A total of $5000 in cash donations are available for the 25 winning photos. The grand prize is a $1000 donation. This photo contest is open to all 501(c)(3) nonprofits — not just those insured by Nonprofits Insurance Alliance. Everything you need to know is on the official photo contest page.
However, you can strategically cut other administrative costs by: Evaluating your organizations insurance plan to ensure youre getting the right amount of coverage for the best price. Seeking out nonprofit discounts or asking for in-kind donations of new office equipment.
Any 501(c)(3) can lend your project its nonprofit status and collect donations on your behalf. Financial management, budgeting, and accounts payable/receivable Tax preparation and annual audit Grants management Risk assessment and insurance Legal counsel. Executive and organizational coaching Donation oversight. Not to worry!
It turns out there are several: The nonprofit might not get the donation if it doesn’t know about it. Sometimes other heirs contest charitable donations. Sometimes brokerage and insurance services are slow to pay out on a planned gift or beneficiary designation. Knowing about a future gift helps a nonprofit to plan.
Review funding history, including donations, grants, sponsorships, or program income, to determine which sources can be repeated for the budget year, what areas have room for growth, and where diversification is needed. These are set costs like headquarters rent, insurance, and administrative salaries.
If you’re not marketing your nonprofit every day, you’re missing out on donations that could be helping you meet needs in your community. But the good news is you can always ramp up as your donor base grows and you bring in more donations. But if you aren’t fortunate enough to have an insurance specialist on your Board, hire one!
You may also have legal fees and operational costs, such as office space, salaries, and insurance. Unfortunately, funders do not typically give grants for start-up costs , so you will most likely need to pay these expenses out of pocket or rely on donations from friends, family, board members, or your supporters. More public scrutiny.
Balance a lemon on your head during the next two weeks, and Northwestern Mutual will donate $10 toward childhood cancer research. A great graph to share with your partners in your corporate partnership newsletter. The four steps every business should take before conveying a stance on an issue.
Now this is an incentive to donate. My insurance company, MAPFRE , offered me a 5% discount off my insurance policy for a $25 donation to the Pan-Mass Challenge. With teens on my auto insurance, my plan is over $3,000 a year so I saved $150! See the redesign. ??Now
A city donated space within a local park for the construction of an adaptive baseball field and playground. A group of doctors formed a nonprofit to provide free primary care for area residents without access to health insurance. Doctors donate their time. So, what does that look like?
So you’re not asking them for a straight-up donation, even though you should educate them about your organization in some way and hopefully add them to your list of supporters. The cost for these types of events is low so you spend less money to bring in donations. You can maximize your donations by finding corporate sponsors.
These include gifts of stock, life insurance, retirement plans, real estate, personal property, or cash. It creates a lifeboat for times when the financial waters are rough and annual donations are down. Most planned gifts provide the donor or their heirs with substantial tax benefits.
Obviously, donors want as much of their donation as possible to go to your programs, to help change lives. Or, if you rent a list of names and addresses and send a direct mail piece to everyone on that list, you probably won’t recoup enough in donations to make that a worthwhile expense. And fundraising. If you’re outside the U.S.,
Is special insurance needed? If you’re holding your event at a public venue, many times the venue will require you to carry an insurance rider to protect them if anyone should get injured. This is usually easy to get from your insurance company. Is it easy to make donations for an online event? Do you have donation jars?
Since 1960, ABCS has expanded its services rapidly, just this year donating more than 10,000 items such as diapers, formula, and clothing to members of the community who come to it for help. He says, "One of the key features of our Office 365 donation … is OneDrive for Business.
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.
By creating this interactive scatter plot, an insurance investigator can quickly evaluate where there might be fraudulent activity. Who is most expensive to insure? Tableau's TechSoup donation program can help you create powerful, interactive data visualizations from almost any data source. Use Informative Mark Types.
Legacy giving is a committed donation a donor plans to leave to a nonprofit organization as part of their estate after they’ve passed away. Donors who wish to make a legacy gift can work with their chosen organization to plan what’ll be donated and what the gift will be used for. Gifts of life insurance. What’s a legacy gift?
To supplement this section, we compiled the best disaster preparedness apps from TechSoup donation partners, government agencies, other nonprofits, and more. Apps by TechSoup Donation Partners. iOS) by the Insurance Information Institute has preloaded checklists so you can prepare your organization before disaster strikes.
A family was transitioning out of homelessness into their own home and a local agency reached out to the community to ask for donations to help the family get established. I donated towels and, when I dropped them off, I expected to do this anonymously. I made a commitment then and there to give to charity whenever I could.
These organizations often depend on donations from their supporters, as well as grants, and other forms of funding to support their operations while pursuing their mission with any surplus being reinvested into the organization’s cause instead of being distributed to shareholders. These organizations are unable to collect donations.
Of course, hosting groups don’t want to lose their tournament revenue to pay for a prize, so organizations p rotect themselves by purchasing hole-in-one insurance. Get a free Hole-in-One insurance quote. If a player does not hit closer to the pin on his drive off the tee, the money wagered goes into the donations pot.
Printing/postage Fundraising expenses Phone/internet Marketing expenses (graphic design, advertising) Professional development (training and conferences) Memberships, affiliations (dues & subscriptions) Travel/mileage/parking Insurance (liability for the facility, errors and omissions for Board, worker’s comp, etc.) Good question.
One of the best features was that they embedded the livestream directly onto their CauseVox page so that viewers could watch and donate all in one place. Oh, and don’t forget to look into “hole-in-one” insurance if you plan to give a prize for this accomplishment! Charge a flat entry fee or suggested donation for attendees.
Woven Health Clinic is a 501(c)(3) community healthcare clinic that helps uninsured and under-insured adults build healthier, happier, and more productive lives. She knew her board members would need to be able to set up their own virtual “tables” and reach out to family and friends to ask for donations and support.
Include fundraising fees, the subscription costs for your donor management system and other online tools, insurance, postage for appeals … everything! Once you receive a donation, the ball is in your court to thank the donor and build the relationship. Build that into your donation form! The Bottom Line.
Places like TechSoup and the National Cristina Foundation put out the word that donated computers were badly needed in Louisiana, and they came by the truckload. All the equipment went out at no cost because of financial donations. CACRC suddenly became the most famous refurbisher in the country. They needed a capable person in charge.
For example, if you offer sponsorships or take in-kind donations, local businesses might reduce or eliminate some expenses through funding or supplies. On the other hand, you might be able to save by asking for donations of alcohol. Remember, monetary and in-kind donations are usually tax-exempt.
said than done, and it's something we have been working on at TechSoup, where we send a catalog of all of our donated and discounted product. creditors or insurers to make offers of credit or insurance that. Opt-Out Prescreen allows you to opt out of receiving credit card and insurance offers. I know it's easier.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content