Resources

In general, nonprofits can’t use restricted assets for purposes other than those specified by the original donor. Board-designated assets (or board-designated funds) are another matter. These are unrestricted funds that have been reserved by an organization’s leadership for a special purpose or a period of time. Your board can later decide to remove designations. But […]

On July 4, 2025, President Trump signed the One, Big, Beautiful Bill Act (OBBBA), which contains several provisions that may affect your not-for-profit organization. Let’s take a look at a couple of the bigger changes. Excess compensation tax Since 2018, an excise tax has applied to nonprofits that compensate “covered employees” (generally the five most highly […]

If your not-for-profit’s board members frequently miss meetings, show little enthusiasm for their roles or resign before their terms are up, board meetings may be to blame. Perhaps they run too long and rarely end in actionable decisions. Or maybe one member dominates every discussion or bullies other members. Any of these reasons can make […]

Individuals with traditional IRAs generally are mandated to start taking required minimum distributions (RMDs) after they reach age 73. However, they have the option of making qualified charitable distributions (QCDs) to their favorite nonprofits to satisfy their RMDs. This tax allowance provides several benefits for donors and, of course, can be beneficial for charities. History of […]

A fictional nonprofit lost its executive director (ED) unexpectedly. The charity had a basic contingency plan, but the document didn’t name an actual successor for the ED position. Fortunately, the plan outlined procedures for finding a new leader, and the already-assembled search team was able to interview several candidates and hire a qualified individual within […]