Get Fully Funded

JANUARY 16, 2024

Fiscal Policies and Procedures Along with your budget, your fiscal policies and procedures provide guidance for how your team should handle your organization’s funds day to day. Jitasa’s nonprofit financial management guide recommends creating the following fiscal policies: Gift acceptance. Expense reimbursement.

Policy 52

Policy Policies Finance Budget 52

Get Fully Funded

JUNE 29, 2021

And you need policies, procedures, and processes. 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. You need a budget.

Policies Procedures 116

Policies Procedures Insurance Insurance Policy 116

Center for Major Gifts

JUNE 16, 2024

Anyone can make a gift of real estate as long as the nonprofit’s gift acceptance policy allows it, and the property is in marketable condition; ideally free of debts. Nonprofits can refuse to accept a property if it puts the nonprofit at risk of liability or unaffordable expenses. Maintenance fees, utilities, taxes, and insurance.

Pass-Through 52

Pass-Through Insurance Insurance Liability 52

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. In short, the board’s duty is to deal with the policies and the “big issues.” Think strategic, 3,000-foot view.

Finance 52

Finance Nonprofit Policy Policies 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. And don’t forget about debts.

Insurance 96

Insurance Insurance SAM Liability 96

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. Nonprofits Insurance Alliance and the Nonprofit Risk Management Center provide free introductory articles on ways to manage these and other risks.

Budget 82

Budget Finance Management Proposal 82

Tech Soup

JUNE 16, 2014

Blurred Policy Lines and the Downsides of Sharing. 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).

Nonprofit 65

Nonprofit Conference Insurance Insurance 65

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

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