Oct 15, 2026 | Not-for-Profit, Tax News
Donor-advised funds are a popular way to support eligible nonprofits while benefiting from charitable tax deductions. With a DAF, you can generally claim a deduction when you contribute to it and recommend grants to charities over time, often in a later tax year. This...
Sep 15, 2026 | Not-for-Profit
The Importance of Diversified Funding No single funding source remains reliable forever. Government priorities shift over time. Economic pressure can affect individual donors. Corporate giving strategies also change. Together, these factors can weaken funding streams...
Aug 4, 2026 | Not-for-Profit
Boards and finance committees that treat the budget as a living document — rather than an annual ritual — tend to make better decisions under pressure. The focus should be not only on last year’s numbers but also on the potential impact of a major donor’s...
Jul 9, 2026 | Not-for-Profit
Incomplete or inaccurate grant reports can jeopardize future funding, making reporting one of the high-stakes administrative functions in nonprofit management. However, organizations that maximize their reporting infrastructure don’t just meet requirements; they...
Jun 26, 2025 | Not-for-Profit, Tax News
When it comes to financial planning, few things are more important to a nonprofit than the creation of the budget. It’s how the board of directors and staff plan for income and expenses. Approval of the annual budget is a fundamental step toward sound financial...
Apr 24, 2025 | Not-for-Profit, Tax News
If you’re planning to enter the world of tax-exempt organizations, you first need to understand what a tax-exempt organization actually is. According to the IRS, the organization must fall into one of the following categories: charitable, religious, educational,...
