Financial Services

Over the past year, when accounting consultants and analysts introduced the revenue recognition model outlined in the Financial Accounting Standards Board’s Accounting Standards Codification 606, most nonprofit leaders’ responses were, “What’s that going to do for our bottom line?”

Donor-advised funds are vital tools for donors. That’s especially true of those who are mid-range or major donors. Of course, that depends on the size and budget of the charity where they donate. It can take as little as $5,000 to open a donor-advised fund at Fidelity Charitable. Other companies, like Vanguard, open one for $25,000.

Just like donor-advised funds are growing, I foresee that recurring gifts from DAFs will grow as well. It’s yet another way for donors to support your organization on an ongoing basis. And the gifts are certainly nothing to sneeze at!

This question also came up at the recent sustainer workshop, and I know it’s something people struggle with, especially when you talk with your treasurers or finance folks. Monthly gifts are different from the major gift pledges most organizations are used to.

This webinar takes participants through the process of establishing a strategic approach to grant seeking.

If you have major donors, then chances are someone has spoken to you about impact investing. Even if you haven't had the experience yet, it's an idea that you should know. Impact investments are becoming more popular in the philanthropic sector. That, in turn, may make a huge change in the industry...

Today, impact investing has become an essential topic for philanthropic engagement and discussion, and even the Catholic Church has gotten on the impact investment train. Under the direction of Pope Francis, the Church understands that it also takes making money to make a difference...

While the federal government was dealing with the shutdown at the start of 2019, many nonprofits were trying to sort out new reporting guidelines concerning their fiscal conditions...

The Tax Cuts and Jobs Act of 2017 dramatically changed the income tax laws for individuals and families in 2018. As a result, donors to charitable organizations may want to make some adjustments to their annual donations to maximize the income tax benefits of their charitable gifts. Before and after the tax act, donors who…

As we discussed last year in the April issue of NonProfit PRO, donor-advised funds have been picking up speed lately, and they’re rapidly growing in popularity as the way to give to charities.