Blackbaud

OCTOBER 23, 2024

He was a donor to one of our charity clients and we had talked about the possibility of gifting assets to reduce or eliminate tax liability. He was facing a significant tax liability if he didn’t get this completed before the calendar rolled into January. Bunching offers donors the possibility of minimizing tax liability.

Liability 75

Liability Calendar Strategic Plan Budget 75

Pamela Grow

OCTOBER 19, 2022

Essentially, it shows a snapshot of your organization’s annual financial health by comparing assets and liabilities. Liabilities. These appear on the statement in order of due date, with short-term investments listed above long-term liabilities. Net assets.

Liability 147

Liability Nonprofit Funding Budget 147

GrantNews

JULY 19, 2024

Navigating the tax framework supporting grant money requires careful consideration to ensure compliance with IRS regulations and avoid potential tax liabilities. Consulting a tax professional is advisable to ensure compliance with IRS regulations, maximize benefits, and avoid unexpected tax liabilities.

Grant 125

Grant Grants Liability Finance 125

GrantNews

AUGUST 6, 2024

The Food Donation Improvement Act reduces liability for donors who make food donations. This bipartisan legislation will reduce food waste and improve food insecurity by encouraging new public and private partnerships by expanding liability protection for food donors. However, there is good news. How, you may ask?

Liability 105

Liability Grant Grants Transportation 105

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

Big Fundraising Ideas

SEPTEMBER 24, 2024

Navigating Liability: Top Digital Waiver Tips for Schools Fundraising is necessary for the vast majority of schools-but that doesn’t mean that it can’t be fun and exciting. When signed, waivers show that the participant has acknowledged any risks and agreed to release the provider from liability for damages.

Fundraising 52

Fundraising Liability Software Template 52

The NonProfit Times

OCTOBER 4, 2024

Epsilon resolved its criminal liability in 2021 via a deferred prosecution agreement, paying $150 million in penalties and victim compensation. Epsilon’s data showed that many victims were repeatedly defrauded by this single scheme, including more than 12,000 victims who were defrauded more than 20 times each.

Liability 92

Liability Management Nonprofit IT 92

Blackbaud

OCTOBER 18, 2024

Keep appropriate waivers and liability forms ready for volunteers to sign. Develop a screening procedure in “normal” times to make crisis screening easier. Catalog the skills and roles needed in a potential disaster along with a database of individuals willing to step up in a crisis.

Management 84

Management Liability Insurance Insurance 84

The NonProfit Times

AUGUST 21, 2024

The report analyzed healthcare sector Chapter 11 bankruptcy filings from 2019 through mid-2024 for companies with more than $10 million in liabilities. Meanwhile, healthcare bankruptcy filings have slowed, according to an analysis by healthcare restructuring advisory firm Gibbins Advisors and first reported by Fierce Healthcare.

Lobbying 52

Lobbying Insurance Insurance Liability 52

Planned Giving

NOVEMBER 2, 2023

Being specific helps remove doubt as the policy is passed to new interpreters, preserves relationships with donors by offering a board-approved policy instead of a subjective opinion on their gift and avoids unintended liabilities for the organization. A gift acceptance policy is no different.

Policy 93

Policy Policies Liability Pass-Through 93

GrantNews

OCTOBER 26, 2023

If approved, incorporation as an LLC shields individual company members from personal liability for any debts incurred by the LLC. For more details about LLCs, here is a link to the IRS definition of a Limited Liability Company (LLC). However, it is possible.

Liability 103

Liability Nonprofit Government Grant 103

Planned Giving

MAY 13, 2024

This will reduce your future tax liability when you sell the stock. As the Wash Sale rule doesn’t apply to stock gifts or capital gains, you can capture the tax savings above while stepping up the cost basis of your shares.

Liability 98

Liability Donation Consultant Consulting 98

The NonProfit Times

APRIL 17, 2024

At the time researchers were concluding their study, 20 state or local governments had passed or were considering programs to fund $13 billion in medical debt relief over and above what charities had provided.

Liability 78

Liability Policy Policies Government 78

Just Write Grants

SEPTEMBER 6, 2023

Balance Sheet : Provides a quick overview of the nonprofit's financial position at a specific point in time, detailing its assets (what it owns), liabilities (what it owes), and equity (the net assets or funds available to the organization). Liabilities) These are amounts the nonprofit must pay, either now or in the future.

Finance 52

Finance Liability Organizational Budget Budget 52

GrantNews

MARCH 13, 2024

Good Samaritan laws grant liability protection to folks who offer reasonable assistance to those who are hurt, sick, in danger, or otherwise incapacitated. A Good Samaritan is someone who is helpful to someone in distress; it’s a person who shows kindness to strangers and loved ones alike.

Government 88

Government Liability Grant Grants 88

Planned Giving

JULY 29, 2024

Inventorying the Estate: Compiling a detailed list of assets and liabilities. Estate: All assets and liabilities left by the decedent. Tax Implications: Understanding international tax liabilities and treaties. Their key duties include: Managing Assets: Safeguarding and maintaining the estate’s assets until distribution.

Pass-Through 52

Pass-Through Insurance Insurance Liability 52

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.

Contracts 52

Contracts Contract Liability Proposal 52

Candid

APRIL 11, 2024

When the Supreme Court gutted race-conscious admissions last summer and the American Alliance for Equal Rights followed with a lawsuit against the Fearless Fund, some in the philanthropic sector feared that demographic data had become a potential liability.

Demographics 98

Demographics Liability Ethics AI 98

Get Fully Funded

MARCH 16, 2023

To protect your organization from legal liabilities, you can incorporate online waivers into this process. Waivers are intended to protect the organization from potential risks and liabilities they could incur if a participant gets injured during the event, for example.

Fundraising 52

Fundraising Liability Electronics Media 52

Grant Writer Team

AUGUST 1, 2024

Risk Management : Identifies and addresses potential financial risks and liabilities. Financial Planning : Provides guidance on long-term financial strategies and resource allocation. By performing these functions, the committee plays a pivotal role in supporting the nonprofit’s mission and ensuring its long-term sustainability.

Finance 67

Finance Budget Nonprofit Liability 67

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.

Insurance 52

Insurance Insurance Nonprofit Liability 52

Get Fully Funded

MAY 4, 2021

Let your volunteers know about your organization’s liability coverage, what it covers and what it does not. Also share with volunteers about the Volunteer Protection Act , which protects volunteers from liability in cases of ordinary negligence. Is there a liability release everyone must sign? Is orientation required?

Policy 119

Policy Policies Liability Training 119

DoJiggy

JULY 23, 2024

The Statement of Financial Position (AKA The Balance Sheet) The Statement of Financial Position provides a snapshot of the organization’s financial status at a particular point in time, detailing assets, liabilities, and net assets. Liabilities are what your organization owes to vendors, employees, or others.

Nonprofit 40

Nonprofit Liability Template Management 40

Candid

DECEMBER 6, 2022

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). If you aren’t a fan of paperwork, this might be a major factor to consider when thinking about starting a nonprofit organization.

Nonprofit 105

Nonprofit Liability Insurance Insurance 105

Grant Writer Team

JULY 7, 2023

Rather than assuming liability, GrantWriterTeam’s role is to make available the platform for connections. GrantWriterTeam has launched an interactive platform that encourages direct connections and customizable interactions between grant writers and grant seekers.

Writing Sample 52

Writing Sample Grant Writing Contract Contracts 52

Soapbox Exchange

APRIL 7, 2024

Cost-Effective Fraud Prevention The repercussions of a security breach can be devastating for nonprofits, leading to financial losses, reputational damage, and legal liabilities.

AI 52

AI Liability CRM Fundraising 52

Candid

MARCH 19, 2024

You’ll just need to fill out a few required fields, including your organization’s fiscal year, revenue, expenses, assets, and liabilities. You can earn a Gold Seal of Transparency without sharing an audited financial statement. Find step-by-step guidance in our help article.

Metrics 52

Metrics Liability Publishing Management 52

Blackbaud

AUGUST 1, 2024

All of them applauded the plan of action but explained that none of their responsibilities focused on charitable planning to reduce or eliminate tax liability. We met with his CPA, his financial advisor, and his lawyers. For this entrepreneur, this was a true “aha” moment. “I I thought I had all the advisors I needed,” he wrote to me later.

Donation 76

Donation Liability Demographics Policy 76

Blue Avocado

FEBRUARY 13, 2024

Prior to the Good Samaritan Act, many corporations felt they could face liability for donating food, and people who salvaged it without documented donation could face prosecution. Beyond knowing about laws, the GSA (and other laws like it) is also a testament to the political power of nonprofits.

Lobbying 88

Lobbying Nonprofit Liability Pass-Through 88

Blackbaud

SEPTEMBER 19, 2024

Take a look below to learn more about the other three financial statements: Financial Statement Purpose Statement of Financial Position A snapshot of a nonprofit’s assets, liabilities, and net assets at a given point in time, showing its overall financial health.

Finance 75

Finance Nonprofit Indirect Utilities 75

Candid

JULY 18, 2023

For example, some prefer personal giving or directing their philanthropy through limited liability companies (LLCs). Impacts on funding transparency and accessibility When it comes to the transparency of pledgers’ philanthropy, it’s important to consider the ways pledgers formalize their giving outside of foundations.

Liability 98

Liability Funding Finance Education 98

GrantNews

MAY 8, 2024

This plan includes general liability insurance, commercial property insurance and business income insurance. The price of this insurance can vary depending upon the coverage plan chosen. However, most nonprofit organizations start out with a Business Owner’s Policy (BOP). The cost usually runs from $200-$300 a month.

Insurance 97

Insurance Insurance Liability Insurance Nonprofit 97

Planned Giving

SEPTEMBER 9, 2024

Tax Implications Funding a trust can have various tax consequences, including: Gift Taxes: Transferring assets to an irrevocable trust may trigger gift tax liabilities. Proper planning can help minimize tax liabilities. Digital Assets: Updating account ownership and access information. What Are the Benefits of a Living Trust?

Liability 52

Liability Management Funding Retainer 52

Bonterra

APRIL 13, 2024

The fund assumes legal liability for violation of anti-terrorism legislation such as the Patriot Act, allowing you to offload legal risk. A single tax receipt and reconciliation reports will dramatically reduce your internal costs.

Software 52

Software Liability Grant Management Grant 52

Blackbaud

NOVEMBER 16, 2023

Net worth takes into account any liabilities the donor has as well as their non-liquid assets (e.g., Here are some wealth indicators to flag and analyze during your wealth screening: Net worth: This represents the total wealth of an individual or household.

Nonprofit 97

Nonprofit Liability Donation Fundraising 97

Candid

OCTOBER 26, 2022

Please consult a tax professional when determining how a gift of cryptocurrency could affect your tax liability. For more information, please visit endaoment.org. Note: Endaoment does not give tax advice. The post Crypto fundraising: diversifying donations for GivingTuesday appeared first on Candid Blog.

Donation 98

Donation Fundraising Liability Grant 98

OneCause

AUGUST 2, 2023

Collect only the information you must have – such as contact information, emergency contact information, a liability waiver, and t-shirt size. Here are some ideas to make your online registration page more streamlined and inspiring: Keep it as short as possible. You can collect more information later.

Retainer 97

Retainer Software Template Liability 97