Are the members of your non-profit’s board independent? Your immediate response is probably, “Of course!” However, contrary to what many non-profit leaders and staffers might think, board independence goes beyond
Let’s say one of your non-profit’s employees makes significant personal purchases on a credit card you’ve provided for work-related expenses. The outcome seems relatively straightforward: The individual is fired and
The SECURE 2.0 Act made some enhancements to IRA qualified charitable distributions (QCDs) that may benefit your non-profit organization — so long as donors know about them. You can encourage your
According to non-profit BoardSource, non-profit boards that meet monthly should be able to cover all matters in one to two hours. If your board meetings last longer, they may be
If your non-profit has investment income, dividends, interest, rents, and annuities, they’re generally excluded when calculating unrelated business income tax (UBIT). However, income from debt-financed property typically is taxable. To
There is a relatively simple difference between financial pledges and donations: Pledges are promises to donate sometime in the future, and donations provide immediate support for your non-profit organization. What’s
You may know the difference between non-profit and for-profit accounting systems, but do your newest employees and board members? Non-profits and businesses share certain similarities. For example, both must carefully
Brad, the development director of an international environmental charity, was thrilled to learn that one of the charity’s past supporters was promising to make a new, six-figure donation. The catch,
During the COVID-19 pandemic, Congress temporarily enabled individual charitable donors who didn’t itemize federal income tax deductions to deduct up to $300 in contributions in both 2020 and 2021. This
Perhaps you think a board retreat would be nice to have but, given your non-profit’s tight budget, isn’t really necessary. However, you should consider the benefits. A retreat allows members
