Finance Insurance Readiness 
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
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. Once reviewed and approved, the budget is ready to be implemented.
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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. Make Sure You’re Ready for Your Next Government Grant Government grants are a great addition to any nonprofit’s balance sheet.
The NonProfit Times
AUGUST 22, 2024
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. Q: Hurricanes and other storms often produce flooding.
Blackbaud
APRIL 8, 2024
Many don’t cover operating costs or have a small allotment for indirect costs such as salaries, insurance, and utilities. You can create presentation-ready charts that visually show what funds were spent, how they were used, and how that has changed over time. Restricted funds often outline what they will fund and what they won’t.
Planned Giving
AUGUST 15, 2024
If you’re not able to make decisions for yourself because of an illness or ailment, your chosen representative steps in to handle your finances and make medical decisions. It’s like an insurance policy for your life, not just your death. Steps to Create an Effective Estate Plan Ready to get started?
Peak Proposals
APRIL 3, 2023
For most proposals, this means that until the first draft of the proposal narrative is ready, the person leading the budget must stick to preliminary tasks, such as building the budget template until the first draft is ready. Preparing the budget justification as the last step in the proposal process is a common practice.
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