Does your development strategy include pursuing grants from donor-advised funds (DAFs)? Considering the recent growth of these charitable investment vehicles, it should. DAFs are managed financial accounts dedicated to charitable giving. Individual account owners...
Does your staff cringe when you talk about goals? Do your coworkers roll their eyes when you discuss your objectives for the coming year? If this is the case in your organization, it may be time for a new way of thinking about your goals — one that is well...
Building a board is a continuous improvement process. You want committed, passionate and expert members to help guide your nonprofit — and you want to continuously fine-tune the board to be its best. Recruitment Best Practices It’s challenging to find people with the...
Not all nonprofit organizations are required to have an independent audit of their financial statements. However, there are several circumstances that trigger a mandatory audit, including expending $750,000 or more per year in federal funds. Many state and federal...
All nonprofit organizations have boards of directors, but many have advisory boards as well. Unlike boards of directors, advisory boards have no formal governance or fiduciary responsibilities, nor any decision-making authority. Their role is to provide guidance to...
In July 2018, the U.S. Government Accounting Office (GAO) released an updated version of its Government Auditing Standards reference, also known as the Yellow Book. The revision contains stronger guidelines to ensure an appropriate level of independence and...
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