Board independence is about more than avoiding conflicts of interest

Are your not-for-profit’s board members independent? Your immediate response is probably, “of course!” But contrary to what many ...
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Get the word out about IRA qualified charitable distributions

The SECURE 2.0 Act made some enhancements to IRA qualified charitable distributions (QCDs) that may benefit your not-for-profit organization ...
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Are your nonprofit board meetings as focused as they could be?

According to nonprofit BoardSource, not-for-profit boards that meet monthly should be able to cover all business in one ...
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When your nonprofit’s debt-financed income is subject to tax

If your nonprofit has investment income, dividends, interest, rents and annuities, they’re generally excluded when calculating unrelated business ...
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Welcome charitable pledges — and account for them properly

The difference between financial pledges and donations is relatively simple: Pledges are promises to donate sometime in the ...
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Fundamental differences between nonprofit and for-profit accounting

You may know the difference between nonprofit and for-profit accounting systems, but do your newest employees and board ...
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Restricted gifts: What to do when strings are attached

Brad, the development director of an international environmental charity, was thrilled to learn from a fundraising staffer that ...
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Update on a possible universal charitable deduction

During the COVID-19 pandemic, Congress temporarily enabled individual charitable donors who didn’t itemize federal income tax deductions to ...
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Making your board retreat rejuvenating — and productive

Perhaps you think a board retreat would be nice to have — but, given your not-for-profit’s tight budget, it isn’t ...
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Don’t let myths and self-doubt thwart your capital campaign plan

It’s understandable if your not-for-profit has been putting off launching a capital campaign — despite having grand plans ...
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Planning an event? Don’t neglect sponsorships

There are many ways to evaluate the success of a not-for-profit event. But for most nonprofit leaders, financial ...
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Nonprofit refresher course: Excess benefit transactions

Most not-for-profit leaders are familiar with the concept of excess benefit transactions and the need to avoid them. ...
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