NFP Experts Discuss: How Should Our Nonprofit Handle Cryptocurrency Donations?
We get a lot of questions from our not-for-profit (NFP) clients, and we thought it would be valuable to publish our answers. The focus of this edition is cryptocurrency donations. Reach out to us if you would like to see a question in a future newsletter. Question: Can my not-for-profit accept cryptocurrency donations? Yes, if […]
Time to Increase Your Internal Audit Awareness
May is Internal Audit Awareness Month. While your business may not be required to undergo regular audits, you should consider the benefits of conducting one. An internal audit can reassure stakeholders that you take seriously your fiduciary responsibility. Audits can also help you identify risks before they become intractable problems. Here’s how to initiate and […]
Webinar: Giving USA, the Official Report on Trends in Philanthropy
Please note: CPE was only available for the live version of this webinar. CPE is not available for webinars on demand. With all the turmoil in the world, one thing hasn’t changed: not-for-profits need their donors’ support. Having a winning game plan for retaining current donors and recruiting new ones can make all the difference. […]
Giving USA 2022: Cincinnati Live Event
Giving USA has long been the authority on charitable giving trends. This year, CSH is proud to partner with the Yunker Group to sponsor Giving USA 2022, taking place at Cincinnati’s iconic Museum Center. Melissa S. Brown, President of Melissa S. Brown & Associates, LLC, will present this year’s report, which features benchmarking information for […]
CFO, yes or no? Here’s how to decide
Whether your not-for-profit organization needs a chief financial officer (CFO) depends on many factors, such as the size of your organization, the complexity and types of revenue sources, and the number of programs you have. Static organizations are less likely to need a CFO than those with evolving programs and long-term plans that rely on […]
What charitable donors need to know about taxes
Although most charitable donors aren’t primarily motivated by potential tax breaks, they still need to know how donations affect their taxes. It’s important for your not-for-profit to educate them — particularly as tax laws change. For example, in 2020 and 2021, even nonitemizers were allowed to deduct up to $300 and itemizers could deduct cash […]
Time to spring clean your programming lineup
Does your not-for-profit offer programs that may have started out promising, but have become disappointing? Do you have replacement programs in mind but haven’t yet secured funding for them? Consider subjecting your programming lineup to a good spring cleaning. That way, you can reallocate funds to offerings that have the best potential to meet your […]
Our NFP Experts Discuss Board Member Contributions
We get a lot of questions from our not-for-profit (NFP) clients, and we thought it would be valuable to publish our answers. Reach out to us if you would like to see a question in a future newsletter. Question: One of our board members made a significant contribution to our 501c(3) organization. Does this put […]
Is your nonprofit on track? Ask your clients for feedback.
Regularly asking clients for feedback about your not-for-profit and its services is essential to maintaining healthy relationships. But the practice also makes financial sense. You want to ensure you maximize the power of your budget by allocating funds to the most productive programs that deliver the best outcomes. Here are several best practices for collecting […]
Conflict-of-interest policies: It’s about trust
According to a 2021 Independent Sector survey, 57% of Americans trust not-for-profits to “do what is right.” Although that’s a majority, being trusted by just over half of respondents is hardly worth celebrating. Well-publicized scandals involving nonprofit principals and a general decline in the population’s faith in institutions (particularly among conservatives and rural dwellers) have […]