blog
January 26, 2022
What Your Nonprofit Needs for a Successful Capital Campaign

Many nonprofits have put major purchases and other ambitious initiatives on hold during the pandemic. But if you need to buy or expand a facility, purchase expensive equipment, or seed an endowment, your organization may not want to wait any longer....

January 19, 2022
Big, Small or In-Between: Your Nonprofit’s Board Size Is up to You

When a nonprofit is new, it may struggle to find an adequate number of board members. But as it grows, its board is also likely to grow — sometimes, to an unwieldy size. The question is: How many directors does your organization need to effectively pursue its mission?...

January 12, 2022
Handle Your Nonprofit’s Restricted Gifts with Care

Most not-for-profits encourage donors to make unrestricted contributions that will give the organization flexibility to use the money where it’s needed most. But there will always be some donors who place restrictions on their gifts — and these require a higher level of ...

January 5, 2022
3 Steps to a More Financially Resilient Future

Charitable giving is picking up and there are other signs that suggest 2022 will be less challenging for nonprofits. But to help ensure your nonprofit can overcome obstacles, consider taking these three financial steps....

January 3, 2022
Commission Fraud: When Salespeople Get Paid More than They’ve Earned

When structured and managed correctly, a commission program can boost employee compensation and morale. But it also can tempt salespeople to commit fraud. Here’s how to contain the threat....

December 16, 2021
IRS Crypto Enforcement

It took the IRS years to issue any guidance related to cryptocurrency or virtual currency but in recent years a flood of guidance has come out and enforcement has stepped up in a major way....

December 16, 2021
Cryptocurrency: What You Need to Know

Recently the prevalence and acceptance of virtual currencies has expanded dramatically. With buying and trading being simplified through trading on the Robinhood and Coinbase platforms, many people have added exposure to this asset class to their portfolios. At the same time...

December 16, 2021
Infrastructure Bill: Cryptocurrency Rules

On Monday November 15, 2021 President Joe Biden signed into law the $1 trillion dollar Infrastructure Investment and Jobs Act (“ACT”). The wide-ranging bill includes funding roads, broadband access and public transit are provisions that could greatly increase the complex...

December 15, 2021
Budgeting Ideas for Uncertain Times

Budgeting, like many other things, was generally easier before COVID-19. Even though the pandemic isn’t over and much remains uncertain, not-for-profits need to plan their financial needs and project financial resources. But you might be able to make the budgeting process ...

December 8, 2021
A Credit Card Use Policy Can Help Prevent Abuse

During the busy holiday season, not-for-profit executives may rely on staffers to purchase gifts and holiday party supplies for the organization. But before you hand over a credit card, you need to make sure that the employee is trustworthy and understands your nonprofit’s...

December 8, 2021
Could an FLP Fit Into Your Succession Plan?

Among the biggest long-term concerns of many business owners is succession planning — how to smoothly and safely transfer ownership and control of the company to the next generation. From a tax perspective, the optimal time to start this process is long before the owner i...

December 1, 2021
Why Excess Benefit Transactions are Out-of-Bounds

Emily was a dedicated board member of her community’s most prominent social-services charity. But her commitment to the cause and the nonprofit’s programs didn’t prevent her from inadvertently violating the rule against excess benefit transactions. This happened when t...