Planned Giving

FEBRUARY 13, 2025

These non-probate assets include 401(k) accounts, pensions, and life insurance policies. How to Create Beneficiary Designations To designate beneficiaries: Contact Institutions : Reach out to banks, insurance companies, and retirement plan administrators. Health Insurance : Covers medical expenses.

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

Get Fully Funded

AUGUST 16, 2024

Most COAs are organized into five categories: assets, liability, net assets, revenue, and expense accounts. Liabilities usually start with 2, net assets with 3, revenue with 4, and expenses with 5 and beyond. Instead, you should continuously reference and update this document to ensure it reflects up-to-date financial information.

Liability 52

Liability Federal Grants Utilities Nonprofit 52

Get Fully Funded

MARCH 6, 2023

Be sure to include basic information about who your nonprofit serves and how lives are being changed. Allow time either before or after the program for your team (you, key staff/volunteers, and Board members) to connect with potential donors in an informal, approachable atmosphere.

Fundraising 130

Fundraising Budget Nonprofit Liability Insurance 130

Planned Giving

JANUARY 14, 2025

Notice The information below, as well as the FAQs at the end of this article, provide a general guide to common probate questions and are for informational purposes only. This includes real estate, bank accounts, investments, personal property, and liabilities like mortgages and loans. They should not be considered legal advice.

Insurance 52

Insurance Insurance Liability Consulting 52

Red Tape Busters

NOVEMBER 1, 2023

Ignoring the Fine Print – Hidden Pitfalls Tender documents are often lengthy and packed with information. For instance, when tender writers fail to thoroughly review insurance requirements, penalty clauses, or dispute resolution processes, it can leave their organisation vulnerable to unexpected liabilities.

Contracts 52

Contracts Contract Liability Proposal 52

Planned Giving

FEBRUARY 12, 2025

However, for those with estates exceeding this amount, advanced planning is essential to minimize tax liabilities and ensure a smooth transfer of wealth. This generation often seeks to understand the intricacies of their estate planning documents, facilitated by the wealth of information available online.

Liability 52

Liability Pass-Through Insurance Insurance 52

Center for Major Gifts

JUNE 16, 2024

Nonprofits can refuse to accept a property if it puts the nonprofit at risk of liability or unaffordable expenses. Inform the nonprofit of your decision to gift your property. Inform the nonprofit of your decision to gift your property. Maintenance fees, utilities, taxes, and insurance. Income tax (for up to five years).

Pass-Through 52

Pass-Through Insurance Insurance Liability 52

Fundly

DECEMBER 11, 2020

Not only this, but online waivers have further evolved over time to help organizations create more complete and informative waivers, add additional identification precautions, and overall improve the processes for collecting waivers. For more detailed pricing information, you’ll need to contact their sales team. Visit CityGro!

Software 52

Software Insurance Insurance Template 52

Qgiv

AUGUST 10, 2022

Check out Boardable’s guide to nonprofit board member responsibilities for more information. Nonprofits have two customers – the people they serve through the mission and the people or organizations which pay for all or part of the services, such as donors, insurance companies, government entities, and more. What’s a Nonprofit?

Finance 52

Finance Nonprofit Policy Policies 52

Get Fully Funded

JANUARY 16, 2024

The way you manage and report financial information holds your organization accountable to the government, the Generally Accepted Accounting Principles (GAAP) , and your supporters. Also called a balance sheet, this statement breaks down your nonprofit’s assets and liabilities to provide a snapshot of your organization’s financial health.

Policy 52

Policy Policies Finance Budget 52

Qgiv

JUNE 30, 2021

Similar to the help a PEO can provide with other benefits, an agency can provide educational information and an online portal to ensure employees are taking advantage of their options. One lawsuit could damage your reputation, and it’s important for you to keep your liabilities in check. PEO’s Can Provide Workers Compensation Coverage.

Nonprofit 52

Nonprofit Training Liability Insurance 52

Qgiv

AUGUST 27, 2021

Whoever is serving the alcohol should have the proper licensing and insurance. Additionally, even if a vendor is providing something as a part of their in-kind sponsorship (or just for free because they’re awesome), you’ll still want to have a contract for liability reasons while they’re onsite at your event. ID required”).

Contracts 52

Contracts Contract Pass-Through Utilities 52

Get Fully Funded

DECEMBER 7, 2021

You need to register with the platform and provide some information, such as proof of 501(c)3 status and bank details. Miscellaneous: Even life insurance policies, annuities, IRAs and other types of gifts should be straightforward to accept, as long as they can be liquidated. Consult your bank or broker on how to do so.

Donation 119

Donation Policy Policies Pass-Through 119

Qgiv

APRIL 26, 2021

These are: Event Registration Bidding Software Text Fundraising Livestreaming Platforms Volunteer and Staff Management Online Shop Video Editing Software Graphics Software Event Day Solution Liability Waivers. Supporters complete the process by entering their information on the appropriate donation form. Liability Waivers.

Software 52

Software Fundraising Liability Template 52

The NonProfit Times

JANUARY 9, 2025

Remember that data (such as confidential membership information) that is inputted into an AI system such as ChatGPT will no longer remain confidential and protected and will be subject to the AI systems most-current terms of use/service. Tort Liability. Discrimination. Another legal issue to consider is discrimination.

ChatGPT 98

ChatGPT Liability Insurance Liability AI 98

Blackbaud

OCTOBER 18, 2024

Keep appropriate waivers and liability forms ready for volunteers to sign. Prep a “Go Kit” As volunteers arrive for their assignments, provide them with necessary supplies, such as volunteer ID, maps, special equipment, and contact information for volunteer coordinators. It is best to expect zero cell reception in a disaster zone.

Management 98

Management Liability Insurance Insurance 98

The NonProfit Times

NOVEMBER 7, 2024

Additionally, remember to include your local emergency response agencies in your plan, and provide them with copies of your plan, facility maps, and contact information. Regularly review the list to make sure all information is current and keep several copies of the list in key locations throughout your facility as well as offsite.

Liability 59

Liability Insurance Insurance Contracts 59

Blue Avocado

OCTOBER 22, 2024

I frequently fell short in communicating financial information to board and staff. While AVOs range from small, relatively informal nonprofits to larger, more formal, affiliated organizations, in AVOs, volunteers do most or all of the work. The IRS says it’s okay to send this information by email.

Budget 84

Budget Finance Management Proposal 84