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Your Unrestricted Funds Need Stewardship, Too

Blackbaud

All in unrestricted funds with no reporting necessary. While nonprofits will hopefully see an increase in unrestricted funds—and a decrease in burdensome reporting requirements—as part of this and other movements, good nonprofit accounting principles still apply. What Are Restricted Funds? What are Unrestricted Funds?

Funding 108
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Analyzing Budgets and Saving Money at a Nonprofit

Get Fully Funded

These funds are often depleted quickly, so act immediately when opportunities are announced. The need for local pest control, insurance, copier lease, or related services may change, therefore you should re-evaluate annually. Please refrain from buying essential supplies in bulk until COVID-19 has passed. Funding For Good, Inc.

Budget 98
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The Nonprofit’s Guide to Legacy Giving

Qgiv

Sustainability is one of the key concerns in the fundraising world, and it’s important for your nonprofit to identify ways to find additional funding so you can continue supporting your community for a long time. One way your donors can help you extend your impact is through legacy giving. Gifts of life insurance. Endowments.

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Understanding Probate: A Comprehensive Guide to the Probate Process

Planned Giving

However, this essential procedure plays a critical role in ensuring that a loved one’s wishes are honored after they pass away. The church courts handled probate issues, ensuring that the deceased’s soul was cared for through proper distribution of their estate. Assets that must go through probate are known as probate assets.

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Two Federal Bills Target Nonprofit Retirement Plans

The NonProfit Times

By Paul Clolery Nonprofit employees with 403(b) retirement plans would be able to participate in collective investment trusts (CITs), if new federal legislation passes and is signed into law. A CIT is a tax-exempt investment vehicle that is similar to mutual funds that provides a diversified, pooled investments. Raphael Warnock (D-Ga.),

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Why Planned Giving?

Planned Giving

These include gifts of equity, life insurance, real estate, personal property, or cash. Examples of transformative gifts include an endowed fund, which is a gift that is often named in your honor and invested by the nonprofit or financial institution. These funds can often be made with gifts of appreciated assets.

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Estate Planning Essentials: 10 Crucial Documents for Organizing Your Affairs

Planned Giving

Fund the Trust : Transfer ownership of your assets into the trust. Beneficiary Designations Certain assets can be transferred directly to beneficiaries without going through probate. These non-probate assets include 401(k) accounts, pensions, and life insurance policies. Health Insurance : Covers medical expenses.