DoJiggy

SEPTEMBER 19, 2024

Unlike for-profit businesses that chase customers to boost their profits, your nonprofit depends on fundraising that comes from donors, events, grants, and other channels. You also need policies to stay up-to-date with compliance and reporting requirements. Any oversights might lose your tax-exempt status or your next grant renewal.

Management 52

Management Finance Budget Nonprofit 52

Qgiv

JULY 24, 2024

Obedience The duty of obedience requires your board members to adhere to your organization’s mission, bylaws, and policies. Policy board model The policy board model focuses on setting policies and strategic direction for your organization so your staff can focus on operational management.

Strategic Plan 52

Strategic Plan Nonprofit Policy Policies 52

Qgiv

MARCH 5, 2024

These organizations often depend on donations from their supporters, as well as grants, and other forms of funding to support their operations while pursuing their mission with any surplus being reinvested into the organization’s cause instead of being distributed to shareholders. Generally, they don’t accept contributions.

Insurance 52

Insurance Insurance Nonprofit Liability 52

Assel Grant Services

MAY 6, 2024

Audited financials are a common component of grant readiness discussions and are often requested by funders. Disclaimer of Opinion – This type of report shows a company is not compliant with GAAP guidelines and portrays gross misstatements on its assets and liabilities. Why Do I Need an Audit? How Do I Find an Auditor?

GPC 40

GPC Contract Contracts Procurement 40

Sharpshooter Communications

AUGUST 13, 2021

It’s a simple question for grant seekers in the US: What is your organization’s tax status? The nonprofit isn’t sure that the land isn’t a liability so, to protect the organization, they create a separate entity to be the owner. link] I saw this on an application recently and thought, “Well, that’s easy.”

Lobbying 52

Lobbying Pass-Through Liability Policy 52

Blue Avocado

MARCH 3, 2025

Lower liability insurance limits First, the community-based nonprofit sector generally must carry lower limits of liability insurance. Most insurance companies have reinsurance in order to protect their solvency and transfer a portion of their liability to the reinsurer. The answer is fourfold.

Insurance 59

Insurance Insurance Liability Liability Insurance 59

Get Fully Funded

DECEMBER 7, 2021

Here’s where a Gift Acceptance Policy can help (more on that in a moment). You might say to that donor “That’s a generous offer, but our policy says I need to take this sort of donation to my Board for approval.” Either way, your Investment Policy will outline how donated stocks and bonds are handled. Now you’re off the hook.

Donation 119

Donation Policy Policies Pass-Through 119

Tech Soup

DECEMBER 13, 2011

IT systems are expected to open their systems up for this, but in doing so, they tend to lose control of important organizational data, need to support additional applications that serve personal devices, and face legal liabilities in case a personal device is lost or stolen. TechSoup itself has adopted a tiered user policy.

IT 62

IT Policy Policies Liability 62

Planned Giving

FEBRUARY 13, 2025

These non-probate assets include 401(k) accounts, pensions, and life insurance policies. Financial Power of Attorney (POA) A financial power of attorney grants someone the authority to manage your finances and property if you become unable to do so. Draft the Document : Outline the powers you are granting.

Insurance 52

Insurance Insurance Policy Policies 52

Planned Giving

JULY 29, 2024

These include: Assets with a Named Beneficiary: Such as life insurance policies or retirement accounts. Non-Probate Assets Without a Beneficiary: Certain assets like life insurance policies and retirement accounts pass directly to a chosen beneficiary. Inventorying the Estate: Compiling a detailed list of assets and liabilities.

Pass-Through 52

Pass-Through Insurance Insurance Liability 52

Blue Avocado

OCTOBER 22, 2024

Alternatively, the board might set a policy that permits one signature for small checks below a certain amount, say $50, in order to help discourage checks from being signed in advance. And, if you intend to seek grants, you’ll want to reflect the value of your volunteers in your budget and grant proposals.

Budget 88

Budget Finance Management Proposal 88