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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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Lessons from the 2024 Atlantic hurricane season: What philanthropy can do better

Candid

The 2024 Atlantic hurricane season saw 18 tropical events , including 11 hurricanes. And as a result of repeated storms, insurance companies have been leaving Florida or increasing insurance rates, creating a crisis of underinsurance that Milton will exacerbate. It will take the affected communities years to recover. In the U.S.,

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The 4 Core Nonprofit Financial Statements & Their Insights

Pamela Grow

Here are some examples of natural costs that fall into each functional expense category in this report: Program costs: Vary widely according to your organizations missione.g., Here are some examples of natural costs that fall into each functional expense category in this report: Program costs: Vary widely according to your organizations missione.g.,

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Which Fundraising Events Bring in the Most Money for Small Nonprofits?

Get Fully Funded

A very common “go-to” funding idea for small nonprofits is fundraising events. Events are a great way to bring like-minded people together and have a good time in the name of your cause. Some fundraising events are huge, drawing attendees and sponsors like moths to a flame. And that’s where the RIGHT event comes in.

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What’s the Cost Behind Starting a Nonprofit Organization in 2025?

Grant Writer Team

Volunteer Training: Allocate funds for training materials and events, potentially costing $200 to $1,000. Insurance: General liability insurance typically costs $500 to $1,500 annually. Employee Benefits: Health insurance, retirement plans, and other benefits can significantly add to staffing costs.

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It’s Fundraising Malpractice Not to Build Future Reserves

Clairification

If we don’t do a big special event every year, will we need to cut programs? Without insurance against funding cutbacks, your focus is always on survival rather than effective planning and management. People die. People change their loyalties and areas of interest. This happened to many nonprofits during the pandemic.

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Devastation in LA: Coming Together to Support Wildfire Survivors

GrantNews

Together, we can make a difference in the lives of those affected by these tragic events. Credit Unions : Grants to cover costs to restore services, replace equipment, and make repairs that are not covered by insurance.