Resources

If your nonprofit’s fundraising arm has largely neglected younger generations in favor of Baby Boomers, you may need to revise your outreach strategy. Boomers currently make up the largest demographic of charitable donors. But, according to consulting firm Cerulli Associates, Americans born between 1965 and 1996 (Generation X and Millennials) are expected to inherit $84 trillion in […]

How often do you reconcile your organization’s internal financial records against your bank statements? Bank reconciliations are an essential internal control procedure that busy managers sometimes overlook or neglect. Here’s why it pays to perform them regularly. Operational benefits Weekly or monthly bank reconciliations can improve the accuracy of your organization’s financial records. You may […]

Charitable fundraisers that feature games of chance — everything from bingo and raffles to baccarat and roulette — help U.S. nonprofits raise millions of dollars every year. However, hosting gambling events can also trigger certain tax-related responsibilities. Before scheduling a casino night, lottery or other “regulated” activity, review these rules: Unrelated business income (UBI). If […]

There are many thousands of charitable foundations in the United States. And, according to technology company Foundation Source, U.S. foundations awarded an average of 33 grants averaging between $25,000 and $28,000 each in 2022 (the most recent year for which data is available). So a lot of grant money is out there for not-for-profit organizations […]

If your not-for-profit wants to make an organization-wide New Year’s resolution for 2025, how about this: Strengthen our brand. Although branding strategies usually are associated with the for-profit sector, they can be just as critical in helping your nonprofit stand out in a sea of organizations seeking funding and attention. What it is Branding uses […]