Borrowing is not just for businesses. Many non-profits borrow money for major capital purchases, new program funding, and even to manage current cash flow. But if you are hoping to borrow, it is important to understand that there are likely to be obstacles ahead, including...
When you receive a personal gift from a friend or family member — even if it is not something you particularly want — you accept the gift and thank the person. The same is not always true of gifts given to your non-profit. Gifts should...
Most non-profit board members are unpaid volunteers. They have agreed to serve because they care about your mission and the impact your organization is making. You owe it to them to make the job as easy as possible — starting with well-organized board meetings that...
You may think that only large, well-endowed non-profits require the advice of an investment manager. But even smaller non-profits with modest endowments — particularly smaller non-profits that do not have in-house financial expertise — can benefit from hiring an investment professional. Finding qualified candidates Finding the right...
How well do you listen to your non-profit’s supporters? If you do not engage in ‘social listening,’ your efforts may not be good enough. This marketing communications strategy is popular with for-profit companies but can just as easily help non-profits attract and retain donors, volunteers,...
Have staffers complained because their expense reimbursements are taxed? An accountable plan can address the issue. Here is how accountable plans work and how they benefit employers and employees. Be reasonable Under an accountable plan, reimbursement payments to employees will be free from federal income and employment...
Is your non-profit making the most of its email list? If you send every item to individual donors, corporate supporters, volunteers, and the media — regardless of their interests or investment in your organization — you probably are not. Email segmentation can help you communicate...
As in the for-profit world, sometimes non-profits need to spend money to make money. This is particularly true when it comes to fundraisers. At the same time, you need to resist the temptation to overspend or your special event may not raise the amount you...
Your non-profit has likely grown and evolved since it was founded. Have your bylaws kept pace? Bylaws are the rules and principles that define your organization — and, if you have not revisited them recently, they may not be as effective as they could be. Rules...
Non-profits with multiple sources of support generally are less likely to have budget shortfalls and are better able to grow and expand their services. If you are looking for new funding sources, consider cause marketing. Made possible via a partnership with a for-profit business, cause...