What nonprofits need to know about the new tax law

Feb 1, 2018 | Nonprofits

The number of taxpayers who itemize deductions on their federal tax return — and, thus, are eligible to deduct charitable contributions — is estimated by the Tax Policy Center to drop from 37% in 2017 to 16% in 2018. That’s because the recently passed Tax Cuts and...

Conflict-of-interest checklist for nonprofit organizations

Jan 15, 2018 | Nonprofits

Not-for-profit board officers, directors, trustees and key employees have a duty to avoid conflicts of interest. Any direct or indirect financial interest in a transaction or arrangement that might benefit one of these individuals personally could result in the loss...

Grants can boost year-end fundraising results

Nov 20, 2017 | Nonprofits

There are more than 87,000 foundations in the United States — including family, corporate and community foundations — according to the Foundation Center. If your not-for-profit isn’t actively seeking grants from these groups, you’re neglecting a potentially...

Valuing and reporting gifts in kind and donated services

Nov 13, 2017 | Nonprofits

Not-for-profit organizations don’t receive only cash donations. Your support also likely comes in the form of gifts in kind and donated services. But even when such gifts are welcome, it can be challenging to determine how to recognize and assign a value to them for...

Use Giving Tuesday to raise money for your nonprofit

Oct 30, 2017 | Nonprofits

What are you doing November 28? If that date doesn’t ring a bell, your not-for-profit probably hasn’t made plans to participate in National Giving Tuesday. But considering the opportunities associated with it, maybe it should. What is Giving Tuesday? Giving Tuesday,...

Are term limits right for your nonprofit’s board members?

Oct 9, 2017 | Nonprofits

Term limits for not-for-profit board members can be a double-edged sword. They can allow you to easily let go of unsuccessful board members, but they also can cause you to lose the best sooner than you’d like. Consider some of the issues involved before making a...