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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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What Are 7 Common Nonprofit Startup Costs?

GrantNews

Stay focused on your goal, but be prepared for what you’ll need to move forward. If your fundraising goal is under $50,000, you would likely be eligible to file Form 1023-EZ (short form) at an approximate cost of $275 (as of 2018). Nonprofit Insurance Many nonprofits purchase nonprofit insurance when starting their organization.

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5 Steps to Make Charitable Giving Part of Your Estate Plan

Planned Giving

Step 1: Define Your Charitable Goals First up, you’ll need to plan out the goals of your charitable giving. By setting out your goals and intentions, you should find the next steps of the process a lot easier. Step 2: Review Your Assets With your goals outlined, it’s time to take a general review of your assets.

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Tip 1: If you have an operating reserve, review your policy. Update the policy based on your current and future needs. Do they give you the information you need?

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How to Improve On-Time Tuition Payments

Blackbaud

However, before a business officer offers flexibility, it’s essential to have rules that define the terms of tuition payment and processing and have school leadership fully support those policies. By working closely with the school to understand its policies, we can help families find the best way to honor payments when hardships occur.

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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. These services help lower the cost of events and projects, which means your nonprofit doesn’t have to rely on fundraising to hit your goals.

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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

We've hit our initial goal, but there is always room for more! 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! John is battling (and winning!)