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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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Your Unrestricted Funds Need Stewardship, Too

Blackbaud

Many don’t cover operating costs or have a small allotment for indirect costs such as salaries, insurance, and utilities. A lot of individual donations, like ones that come through your organization’s website or through the Annual Fund, are often unrestricted. Many grants, especially federal and state grants, are restricted.

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Analyzing Budgets and Saving Money at a Nonprofit

Get Fully Funded

The need for local pest control, insurance, copier lease, or related services may change, therefore you should re-evaluate annually. Buy in Bulk – How many of us buy small quantities of office supplies at the local dollar store to “get us through until the next donation?” Fact: there are currently over 2.7

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The Nonprofit’s Guide to Legacy Giving

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One way your donors can help you extend your impact is through legacy giving. Legacy giving is a committed donation a donor plans to leave to a nonprofit organization as part of their estate after they’ve passed away. Here’s a look at seven of the most common types of legacy gifts: Bequests through wills and estate plans.

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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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Primary School Fundraising Ideas for Every Season | Big Fundraising Ideas

Big Fundraising Ideas

Bonus tip: To encourage early orders, promote the kits through the schools email list or PTA Facebookgroup. Charge a small fee per session or offer a term-long pass. Extra note: If you partner with a local instructor, ask them to volunteer or reduce their fee in exchange for promotion through the schoolnetwork.

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Are Wills Public Record?

Planned Giving

When a person passes away, their will undergoes a legal procedure known as probate, which often turns it into a public record. Probate is the legal process through which a deceased persons will is validated and their assets are distributed according to their wishes. Understanding Probate What Is Probate? When Does a Will Become Public?