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.
Blackbaud
MARCH 20, 2025
This can be as simple as paying your semi-annual insurance premiums every month or setting up automatic payments instead of waiting for invoices to arrive. Understand Your Finance Committees Needs Know what your finance committee needs to see and provide those outputs to them. Its important to get something on paper to start.
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Planned Giving
JANUARY 28, 2025
Their fees usually depend on: How complicated your loved one’s affairs are What your state’s laws say about legal fees How much help you need from them Whether anyone disagrees about the will Money Management If your loved one had investments or complex finances, you might need help from financial professionals: Accountants to handle tax (..)
Blackbaud
SEPTEMBER 13, 2024
Have you ever had your board members scratch their collective heads when the development and finance teams report their results? So, while bequests, insurance policies and planned gifts are exciting for the organization, those donations won’t be reflected in the GAAP reporting. How Development and Finance Can Get Along (Really!)Does
Blackbaud
MAY 6, 2024
But when you have all the pieces—accurate data, a clear process, and a finance team to put it together—you can make a three-course meal look easy. These are set costs like headquarters rent, insurance, and administrative salaries. Without those, it can be a struggle just to make a plate of spaghetti.
Get Fully Funded
FEBRUARY 10, 2025
When you start a nonprofit, one of the most important things to figure out is how to manage your organizations finances. 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.
Blackbaud
DECEMBER 20, 2023
From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. Tip 2: Bring both your program and finance teams into the grant application and award process.
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