Connections for Success

 

Not-For-Profit

06.10.21

A Year of COVID Philanthropy: What It Tells Us Going Forward
Laurence Sophian

The COVID-19 pandemic created an unprecedented need for funding — and grantmakers and donors stepped up. Corporations, foundations, public charities and high-net-worth individuals awarded more than $20 billion to address the social, health and economic effects of COVID-19 globally in 2020. That is just one of the findings in a new report from the Center […]

05.24.21

Your Midsize or Large Organization Might Benefit From a CFO
Segdrick P. Byrd

As a not-for-profit leader, you are used to overseeing all aspects of your organization. Truthfully, the finance department is not always the first thing not-for-profit leaders think to scale as the organization grows. You might think, at times, that having a financial expert run that side of the operation could be a plus. More often […]

04.22.21

Prevent the UBIT Trap of Corporate Sponsorships
Kenneth Tornheim

Landing a corporate sponsorship is an accomplishment, especially in today’s economy. If you do get lucky, you will want to prevent unrelated business income tax (UBIT) from cutting into your new income. If you meet the requirements for a qualified sponsorship payment exception, you should be in good shape. What are the exceptions? Generally, “qualified […]

03.02.21

FASB Issues New Rules for Reporting Gifts-In-Kind
Kelly H. Buchheit

In September 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets. The intent of this new standard is to expand transparency around nonfinancial gifts received in-kind, including how those gifts are used and how those gifts are […]

02.23.21

Questions and Concerns Board Members Should Consider in the Current Environment – Fiduciary Responsibilities and Investments
James Quaid

In my recent Not-For-Profit newsletter, Questions and Concerns Board Members Should Consider in the Current Environment, I shared some items and questions that not-for-profit organizations should consider in 2021. We then shared Questions and Concerns Board Members Should Consider in the Current Environment – Cybersecurity, a blog from Mishaal Khan, Cybersecurity Practice Leader and Solution […]

02.15.21

Questions and Concerns Board Members Should Consider in the Current Environment – Cybersecurity
James Quaid

In my recent Not-For-Profit newsletter, Questions and Concerns Board Members Should Consider in the Current Environment, I shared some items and questions that not-for-profit organizations should consider in 2021. This blog focuses on one area that has, and continues to be, a prime area of concern for all organizations — cybersecurity. Mishaal Khan, Cybersecurity Practice […]

02.09.21

Budgeting for COVID-19 Uncertainties  
Kevin Omahen

There is always a degree of uncertainty when your organization is budgeting for the year. However, the COVID-19 pandemic has created a completely new sense of uncertainty. As revenues for many organizations have decreased in the past year and the demand for program services has not changed (or may have even increased), the budgeting process […]

01.19.21

Not-For-Profit Guide to Recent PPP Changes
Alison Fetzer

The Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Payroll Protection Program (PPP) back in March of 2020 to provide eligible entities, including not-for-profit (NFP) organizations, with forgivable loans to assist organizations struggling with the uncertainty brought on by the COVID-19 pandemic. In the 10 months since the Act was created, the rules […]

12.22.20

Capacity Building: Focus on Your Strengths, not Your Weaknesses
Sarah G. Widlock

The economic crisis may have your not-for-profit scrambling to find funding. But, equally important is making internal adjustments that can boost your ability to fulfill your long-term mission. Capacity building is one way your organization can increase its odds of doing just that. But, as it turns out, a traditional approach may not be the […]

11.23.20

Donor-Advised Funds: How They Work and How to Land Them 
Caitlin G. Gibbs

National Philanthropic Trust (NPT) data from nearly 1,000 charities shows that donor-advised funds (DAFs) grew in all key areas, including the number of individual funds and total grant dollars awarded to charitable organizations, according to a 2019 report. Although they are popular, DAFs are not without critics. Some do not like the fact that many […]

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