Monthly archive June, 2017

Insight

Nonprofit Newsbits: High Net Donors and Merger Benefits

June 26th, 2017

High Net-Worth Donors: Generous with Their Money and Time Donors from households with net assets of $1 million or more — or those that bring home at least $200,000 annually — on average made donations totaling $25,509 in 2015 compared to an average of $2,124 from the general population, according to the 2016 U.S. Trust® Study […]

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Insight

Using Audit Techniques Can Help You Shape Your Future

June 26th, 2017

Whether or not your nonprofit uses an independent auditor, you can employ moves from an auditor’s playbook to get a better view of your organization’s revenue picture. Techniques such as pinpointing year-to-year trends and benchmarking to other nonprofits can be useful in planning your short- and long-term future. Look at Donor Trends To some degree, […]

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Insight

Are You Ready for Endowments?

June 26th, 2017

With baby boomers — the largest and wealthiest generation in U.S. history — expected to transfer trillions of dollars worth of assets in the next few decades, this could be the right time to launch an endowment. Nonprofits have long turned to endowments for help providing the necessary financial resources to carry out their mission, […]

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Insight

Fraud and the Nonprofit: How to Counter Your Vulnerabilities

June 26th, 2017

Every organization — whether for-profit or nonprofit — is at risk of falling victim to costly acts of fraud. Nonprofits, though, have some common characteristics that can make them particularly susceptible to such schemes. Fortunately, you can help combat the risks at your nonprofit by implementing some simple controls. Weak Spots Not-for-profits tend to operate […]

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