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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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Lessons from the 2024 Atlantic hurricane season: What philanthropy can do better

Candid

And as a result of repeated storms, insurance companies have been leaving Florida or increasing insurance rates, creating a crisis of underinsurance that Milton will exacerbate. Insurance companies also treat flooding differently, so philanthropic funding is needed even more. Its a deep wound to the fabric of our region.

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Grant funding support for those affected by severe weather

Strategic Grants

This grant may be available if you: live in the affected area own the items that have been lost own or rent the affected residence are uninsured or unable to claim insurance meet the income limits. It is important to note that not all these opportunities are directly for non-profit organisations most are for individuals.

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The 4 Core Nonprofit Financial Statements & Their Insights

Pamela Grow

Statement of Activities The statement of activities is the nonprofit equivalent of a for-profit income statement. It provides detailed information about your organizations transactions during a given year, showing where your funding came from and where it went as you furthered your mission. Youll typically list these in order of liquidity (i.e.,

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Learning from peers to refine your nonprofit funding strategy

Candid

A useful early step is to look at what peer organizations are doing. Benchmarking against peers can help you refine your assumptions about what being financially sustainable could look likeor develop entirely new assumptions. It helps to analyze both the most recent years revenue mix and data from previous years.

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D&O Insurance for Non-Profits: The Key to Non-Profit Risk Management

NonProfit PRO

Read on for more information about the growing exposures non-profit directors face, and the peace of mind D&O insurance can offer non-profits. Running one of the 1.5 million non-profit organizations in the United States can be fulfilling and meaningful. It can also bring significant risk of loss exposures.

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D&O Insurance for Non-Profits: The Key to Non-Profit Risk Management

NonProfit PRO

Read on for more information about the growing exposures non-profit directors face, and the peace of mind D&O insurance can offer non-profits. Running one of the 1.5 million non-profit organizations in the United States can be fulfilling and meaningful. It can also bring significant risk of loss exposures.