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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 Debby: 5 Things Before Severe Weather Hits

The NonProfit Times

But is flooding covered under a typical commercial insurance policy? Rushing : Flood coverage is not typically included in a commercial insurance policy. Although you might be able to purchase flood insurance from your carrier or add it to your policy, many managers do not.

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Your Complete Guide to Planning Your First Special Event

Get Fully Funded

It’s a milestone when you decide to hold your nonprofit’s first special event for the sole purpose of raising money. A fundraising event will draw attention to your organization and give prospective donors the opportunity to learn more about your cause. Most importantly, a special event will bring in money to fund your mission.

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4 Nonprofit Financial Management Challenges (& Solutions)

Get Fully Funded

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. Most small to mid-sized contributions from individuals and corporations, as well as earned income like membership dues and event ticket sales, are unrestricted.

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In-Kind Donations 101: A Guide for Nonprofits

Qgiv

While there are risks of accepting in-kind donations, those risks can be offset by creating firm policies and guidelines surrounding the in-kind donations your nonprofit will accept. Services Services are more commonly donated by businesses as a way to support a fundraising event or special project. What are in-kind donations?

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Estate Planning Essentials: 10 Crucial Documents for Organizing Your Affairs

Planned Giving

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.

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Newsletter: Peta, Nabisco Uncage Animals ; One-Person Nonprofit Schools You on Earned Media ; Tide 'Loads of Hope' Aid Wildfire Victim

Selfish Giving

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! Director, Special Events & Cause Marketing, Girl Scouts (Detroit) 4. See the redesign. ??Now