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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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What Are 7 Common Nonprofit Startup Costs?

GrantNews

Nonprofits often use a lawyer to get a set of ‘trained professional eyes’ on their documents. 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.

Insurance 112
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GAAP for Nonprofits: How to Reconcile GAAP and Non-GAAP Results

Blackbaud

With good training, clear reporting, and a little patience, you can help your nonprofit Board members understand the difference between the GAAP results your accounting team needs and the non-GAAP results presented by other areas of the organization.

Insurance 103
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How to Improve On-Time Tuition Payments

Blackbaud

However, before a business officer offers flexibility, it’s essential to have rules that define the terms of tuition payment and processing and have school leadership fully support those policies. By working closely with the school to understand its policies, we can help families find the best way to honor payments when hardships occur.

Contracts 105
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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Tip 1: If you have an operating reserve, review your policy. Update the policy based on your current and future needs.

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Philanthropy Officers and Grant Professionals

Grant Professionals Association

What you do next is entirely dependent on the policies and procedures that your organization has put in place for your development team. Create philanthropic policies that incentivize partnership. Establish written policies and procedures to empower your development office. A decision tree is a great first step. Is this a grant?

Grants 59
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Nonprofit Board Member Onboarding: 12 Things to Cover

Qgiv

In addition, you may find it helpful to use the Nonprofit.Courses’ guide to nonprofit board training as a resource to further improve your onboarding work. That level of knowledge builds over time with ongoing training at board meetings, through tours, at events, and by other means. Let’s begin. Your Mission.

Finance 52