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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?” This strategy is fantastic EXCEPT during a pandemic!

Budget 98
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The Nonprofit’s Guide to Legacy Giving

Qgiv

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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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. They don’t come with any direction or reporting requirements.

Funding 94
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Two Federal Bills Target Nonprofit Retirement Plans

The NonProfit Times

By Paul Clolery Nonprofit employees with 403(b) retirement plans would be able to participate in collective investment trusts (CITs), if new federal legislation passes and is signed into law. ” If passed and signed into law, it would make available a tax credit of up to $5,000 for the three years of a retirement plan’s operation.

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Why Planned Giving?

Planned Giving

These include gifts of equity, life insurance, real estate, personal property, or cash. Another example is a bequest — which can be as simple as informing your financial institution through a designation form that you would like all or a portion of your estate left to your favorite charity. What is Planned Giving? What can John do?

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Stories from Donors in the 2021 Burk Donor Survey on Why They Give

Penelope Burk

My deep gratitude, which I express through giving, continues to this day. About forty years ago, I was living through a cold winter in a house with no insulation. My father passed away after a battle with dementia. That gift helped us get through a tough period. It belongs to the Lord and I am its steward.