Get Fully Funded

JUNE 29, 2021

And you need policies, procedures, and processes. So work with an insurer or an insurance broker to understand the coverage you need to best protect your organization and its liability. Do you have the policies, procedures, and processes in place to run your nonprofit smoothly and efficiently? You have to establish your brand.

Policies Procedures 116

Policies Procedures Insurance Insurance Policy 116

The NonProfit Times

AUGUST 21, 2024

Four nonprofit healthcare organizations were the top spenders when it came to lobbying Congress for healthcare policy changes. The report analyzed healthcare sector Chapter 11 bankruptcy filings from 2019 through mid-2024 for companies with more than $10 million in liabilities.

Lobbying 52

Lobbying Insurance Insurance Liability 52

GrantNews

MAY 8, 2024

However, most nonprofit organizations start out with a Business Owner’s Policy (BOP). This plan includes general liability insurance, commercial property insurance and business income insurance. Business insurance is to protect nonprofits from any claims against the nonprofit made as a result of normal operations.

Insurance 113

Insurance Insurance Liability Insurance Nonprofit 113

Get Fully Funded

FEBRUARY 20, 2023

They should put internal controls in place and help write policies to prevent loss, theft, or confusion, using current b est practices. The Board will be responsible for monitoring how closely financial activity matches the actual budget, looking into how much programs and services cost, and whether that cost is appropriate.

Strategic Plan 116

Strategic Plan Nonprofit Ethics Government 116

Tech Soup

MARCH 12, 2012

Deborah Galea is the COO at Red Earth Software, Inc , which donates its Policy Patrol Mail Security Bundle to eligible nonprofits to prevent. congestion, legal liability, and confidentiality breaches. Without a simple disclaimer, your organization is left open to liability for the information getting into unintended hands.

Liability 36

Liability Nonprofit Policy Policies 36

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

Tech Soup

OCTOBER 4, 2012

Policy Patrol Mail Security Bundle (admin fee: $60) prevents email-related issues like legal liability, damage to your reputation, and confidentiality breaches. Plus: Norton 360 includes tools for tuning up your systems and up to 2 GB of secure online storage to simplify backing up or recovering your data.

Liability 54

Liability Software Policy Policies 54

Tech Soup

SEPTEMBER 9, 2014

Adopt an Acceptable Use Policy and Train Staff on It! Many organizations have acceptable use policies as standard language in their employee handbooks, defining in legal terms the appropriate behavior for using technology resources. Learn how to develop a secure backup strategy for your organization.

Policy 59

Policy Policies Nonprofit Calendar 59

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). Sustainability and other do-gooder motivations are much lower on the list of reasons why they participate.

Nonprofit 65

Nonprofit Conference Insurance Insurance 65

Qgiv

AUGUST 10, 2022

In short, the board’s duty is to deal with the policies and the “big issues.” The staff, as led by the executive director (president, CEO…) implements that policy: the tactical three-foot view. Program volunteers will also have policy implementation duties. Think strategic, 3,000-foot view.

Finance 52

Finance Nonprofit Policy Policies 52

Tech Soup

JUNE 14, 2017

In late 2016, note-taking service Evernote caught some flack for a change in its privacy policy that would have allowed employees to be able to access customers' data stored on Evernote's servers. Sharing accounts might be convenient, and it might save you on licensing fees, but doing so can be a security liability.

Retainer 58

Retainer Liability Policy Policies 58

Red Tape Busters

JULY 11, 2023

At a minimum, this should include the Certificate of Currency and the Policy document, including any supplementary documents. This information should exist for each type of insurance held (public liability, business, contents, etc) and will need to be updated each year, as well as when any policy changes are advised by insurers.

Insurance 52

Insurance Insurance Grant Grants 52

Qgiv

JULY 24, 2024

Obedience The duty of obedience requires your board members to adhere to your organization’s mission, bylaws, and policies. Policy board model The policy board model focuses on setting policies and strategic direction for your organization so your staff can focus on operational management.

Strategic Plan 52

Strategic Plan Nonprofit Policy Policies 52

Tech Soup

SEPTEMBER 5, 2011

If there is a security breach by one of your cloud vendors, primary liability for sensitive data rests with your organization - not the cloud vendor. The way to judge a cloud vendor's strength is to read their service level agreement, privacy policy, audit reports, and standard contract.

Liability 50

Liability Ethics Contracts Contract 50

DoJiggy

SEPTEMBER 19, 2024

You also need policies to stay up-to-date with compliance and reporting requirements. Add it to your Form 990 to account for your assets and liabilities. Write policies and processes that encourage oversight, control, and transparency. Having a financial surplus helps you stay operational during rough patches. million in number.

Management 52

Management Finance Budget Nonprofit 52

Qgiv

MARCH 5, 2024

Political organizations: Political nonprofits engage in advocacy, lobbying, and political activities to influence legislation and public policy. 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.

Insurance 52

Insurance Insurance Nonprofit Liability 52

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. Who are you, as the donor?

Pass-Through 52

Pass-Through Insurance Insurance Liability 52

Big Fundraising Ideas

NOVEMBER 26, 2024

Reduces liability risks for theschool. Research the organizations track record, request references, and review its policies on transparency and accountability. Proper planning and risk management minimize potential hazards and create a secure environment. Essential SafetySteps Benefits of SafetyMeasures Protects participants fromharm.

Ethics 52

Ethics Fundraising Goals Liability 52

Sharpshooter Communications

AUGUST 13, 2021

The nonprofit isn’t sure that the land isn’t a liability so, to protect the organization, they create a separate entity to be the owner. Dana’s plain English: It’s a legit nonprofit that gets most of its operating revenues from donations - not fees for service - and doesn’t have investments that pay dividends.

Lobbying 52

Lobbying Pass-Through Liability Policy 52

Tech Soup

JANUARY 8, 2013

For instance, using combined datasets on health and education for NGOs and charities could help influence policy decisions, advocacy, and strategic planning for nonprofits. She essentially finds that big data is a significant opportunity for NGOs to democratize data and make it public, and also to identify patterns of need.

Nonprofit 74

Nonprofit Liability Strategic Plan Conference 74

Assel Grant Services

MAY 6, 2024

Disclaimer of Opinion – This type of report shows a company is not compliant with GAAP guidelines and portrays gross misstatements on its assets and liabilities. improving policies and procedures and strengthening internal controls). This report means the auditor thought they couldn’t issue a definitive opinion on the nonprofit.

GPC 40

GPC Contracts Contract Procurement 40

Blue Avocado

MARCH 3, 2025

Lower liability insurance limits First, the community-based nonprofit sector generally must carry lower limits of liability insurance. Most insurance companies have reinsurance in order to protect their solvency and transfer a portion of their liability to the reinsurer. The answer is fourfold.

Insurance 59

Insurance Insurance Liability Liability Insurance 59

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

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. Do you have a gift acceptance policy? We met with his CPA, his financial advisor, and his lawyers. For this entrepreneur, this was a true “aha” moment. “I But now I understand.”

Donation 96

Donation Liability Demographics Policy 96

Tech Soup

DECEMBER 13, 2011

IT systems are expected to open their systems up for this, but in doing so, they tend to lose control of important organizational data, need to support additional applications that serve personal devices, and face legal liabilities in case a personal device is lost or stolen. TechSoup itself has adopted a tiered user policy.

IT 62

IT Policy Policies Liability 62

Planned Giving

FEBRUARY 13, 2025

These non-probate assets include 401(k) accounts, pensions, and life insurance policies. Insurance Policies and Financial Information Organize all your insurance policy documents, including those for life, health, car, and home insurance. Home Insurance : Covers property damage and liability.

Insurance 52

Insurance Insurance Policy Policies 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.

Pass-Through 52

Pass-Through Insurance Insurance Liability 52

Planned Giving

AUGUST 15, 2024

It’s like an insurance policy for your life, not just your death. Assessing Your Assets and Liabilities First things first: Take stock of what you’ve got. Young People Don’t Need Estate Planning Ah, to be young and feel invincible. But let’s get real: Life is unpredictable. And don’t forget about debts.

Insurance 74

Insurance Insurance SAM Liability 74

Qgiv

AUGUST 27, 2021

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. If you have to use pens, enforce a one pen per guest policy to avoid shared materials.

Contracts 52

Contracts Contract Pass-Through Utilities 52

Planned Giving

JANUARY 14, 2025

This includes real estate, bank accounts, investments, personal property, and liabilities like mortgages and loans. This includes paying funeral expenses, medical bills, taxes, and any other liabilities. Beneficiary Designations: Name beneficiaries for accounts and policies. FAQs About Probate How long does probate take?

Insurance 52

Insurance Insurance Liability Consulting 52

The NonProfit Times

JANUARY 9, 2025

Tort Liability. You must consider the potential tort liability issues that might arise from the use of AI. You need to ensure that your organization has appropriate insurance coverage in place to protect against potential liability claims in all of these areas of legal risk.

ChatGPT 98

ChatGPT Liability Insurance Liability AI 98

Blackbaud

OCTOBER 18, 2024

Keep appropriate waivers and liability forms ready for volunteers to sign. Mitigate Risks Before deploying spontaneous volunteers to a disaster zone, check your insurance policy. Develop a screening procedure in “normal” times to make crisis screening easier. You might need a rider, so discuss coverage with your insurance agent.

Management 98

Management Liability Insurance Insurance 98

The NonProfit Times

NOVEMBER 7, 2024

Many times, they will assume liability when they are responding to criminal activity at your facility. Make sure your contract ensures they will assume liability for their actions and that the contractor is adequately insured and names your organization as an additional insured on their policies.

Liability 59

Liability Insurance Insurance Contracts 59

Planned Giving

FEBRUARY 22, 2025

The following are possible strategies to protect assets from future liability exposure. Own an umbrella liability policy. Although insurance does not eliminate liability, it does provide a source of funds to satisfy claim and pay for legal defense. Personal liability umbrellas are relatively inexpensive and are a must.

Liability 52

Liability Insurance Insurance Policy 52

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. ” Checks should require two signatures and never be signed in advance.

Budget 88

Budget Finance Management Proposal 88