GrantNews

MAY 8, 2024

Nonprofit Insurance Many nonprofits purchase nonprofit insurance when starting their organization. Business insurance is to protect nonprofits from any claims against the nonprofit made as a result of normal operations. The price of this insurance can vary depending upon the coverage plan chosen.

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Insurance Insurance Liability Insurance Nonprofit 97

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. Then, those accounts are further divided into subcategories. For example, assets usually start with 1.

Liability 52

Liability Federal Grants Utilities Nonprofit 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.

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Pass-Through Insurance Insurance Liability 52

Red Tape Busters

JULY 11, 2023

Insurance The natural disasters that have besieged Australia in recent years, have highlighted the need for grant writers to have easy access to insurance details. Insurers and grant funding will usually ask for both. This information should be updated as Committee members change.

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Grant Grants Insurance Insurance 52

Qgiv

MARCH 5, 2024

501(c)(2) : This type of tax-exemption is for exempt organizations to create a corporation to hold the title to property the organization owns to minimize liability risks of losing the property. While the public can make contributions to these organizations, private citizens can’t create one because they’re created by congress.

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Insurance Insurance Nonprofit Liability 52

Candid

DECEMBER 6, 2022

You may also have legal fees and operational costs, such as office space, salaries, and insurance. Nonprofits are required by the IRS to keep detailed records, and there is a lot more paperwork for nonprofits than for other organizations, such as Limited Liability Corporations (LLCs).

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Nonprofit Liability Insurance Insurance 105

Red Tape Busters

NOVEMBER 1, 2023

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. Overlooking unfavourable terms may result in the organisation assuming unintended liabilities or losing valuable rights.

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Contracts Contract Liability Proposal 52

GiveSmart

MARCH 21, 2024

Some other workers to consider in your staffing budget include: Servers and bartenders Audio and visual professionals Graphic designers Auctioneer Event planners or consultants Licensing, permits, and insurance The last item on our expense planning list is miscellaneous costs associated with licensing, permits, and insurance requirements.

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Budget Fundraising 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. The nonprofit will conduct due diligence, including assessing the property’s condition, marketability, and potential liabilities. Maintenance fees, utilities, taxes, and insurance.

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Pass-Through Insurance Insurance Liability 52

Planned Giving

AUGUST 15, 2024

It’s like an insurance policy for your life, not just your death. One minute you’re living on ramen in your college dorm, the next you’re shopping for life insurance. Assessing Your Assets and Liabilities First things first: Take stock of what you’ve got. But let’s get real: Life is unpredictable.

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Insurance Insurance SAM Liability 96

Get Fully Funded

JUNE 29, 2021

Even in the early days when the donut shop is struggling financially, appropriate insurance is required. So work with an insurer or an insurance broker to understand the coverage you need to best protect your organization and its liability. There’s always that possibility. We’ve seen it time and time again.

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Policies Procedures Insurance Insurance Policy 116

Blue Avocado

OCTOBER 22, 2024

Nonprofits Insurance Alliance and the Nonprofit Risk Management Center provide free introductory articles on ways to manage these and other risks. Tracking volunteers can help protect volunteers and the nonprofit from certain forms of liability and provide helpful data for planning future programs and events.

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Budget Finance Management Proposal 82

Qgiv

AUGUST 10, 2022

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. This is also a good time to discuss liability issues and your board liability insurance (which you have, of course.)

Finance 52

Finance Nonprofit Policy Policies 52

Get Fully Funded

JANUARY 16, 2024

As NXUnite’s guide to nonprofit human resources explains, the policy should include information about indirect compensation such as health insurance and paid time off in addition to direct compensation like salaries and bonuses. This policy provides guidelines for how your employees are compensated for their work at your organization.

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Policy Policies Finance Budget 52

Get Fully Funded

MARCH 20, 2023

Printing/postage Fundraising expenses Phone/internet Marketing expenses (graphic design, advertising) Professional development (training and conferences) Memberships, affiliations (dues & subscriptions) Travel/mileage/parking Insurance (liability for the facility, errors and omissions for Board, worker’s comp, etc.)

Budget 98

Budget Finance Software Liability 98

Get Fully Funded

MARCH 6, 2023

You may want to host an event like this at a local restaurant that has a liquor license and general liability insurance. These events should include a brief and powerful presentation (less than 5 minutes) to lay your message out there. NOTE: PLEASE check into the legalities of offering alcohol.

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Fundraising Budget Nonprofit Liability Insurance 130

Qgiv

JUNE 30, 2021

One lawsuit could damage your reputation, and it’s important for you to keep your liabilities in check. Workers compensation, claims management, and calculating insurance premiums is time-consuming and expensive, but a PEO can provide coverage as a co-employer. If your PEO suggests getting a lawyer, do so immediately.

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Nonprofit Training Liability Insurance 52

Fundly

DECEMBER 11, 2020

Why This Online Waiver Software Made Our List While CityGro may have slightly less functionality in the waiver creation process than other waiver-specific providers, it’s a perfect solution for businesses looking to enhance their marketing strategies and retain more customers through the use of digital liability waivers.

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Software Insurance Insurance Template 52

Tech Soup

JUNE 16, 2014

She calls it The Great Risk Shift, where for-profit companies are shifting the liability, overhead, insurance, and consumer risks to the individual workers (and to the consumers). How do we ensure that the contracted driver receives fair labor practices, since they're not an employee?

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Nonprofit Conference Insurance Insurance 65

Peak Proposals

NOVEMBER 10, 2021

Fundraising activities and events must comply with local laws and carry adequate liability insurance. Another cost to be aware of related to fundraising is legal fees. Is Fundraising an Option for You?

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Nonprofit Proposal Funding Grant 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

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. Liability Waivers. Liability waivers are essential to many virtual events. These days, waivers can now be signed online!

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Software Fundraising Liability Template 52

Get Fully Funded

DECEMBER 7, 2021

Miscellaneous: Even life insurance policies, annuities, IRAs and other types of gifts should be straightforward to accept, as long as they can be liquidated. Certain types of gifts must be reviewed by the Board prior to acceptance due to the special liabilities they may pose for [Organization Name]. The Board’s decision is final.

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Donation Policy Policies Pass-Through 119