Monthly archive November, 2017

Insight

Micro-Donations: Good Things Come in Small Packages

November 2nd, 2017

Donations to nonprofits plunged during the latest recession and have been edging their way to healthier levels ever since. But many contributors today can afford only small gifts in a still-tight economy. Enter the micro-donation. Realizing the Purpose Micro-donations are often defined as gifts of an amount that a person wouldn’t think twice about spending. […]

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Insight

How To Account For Special Events

November 2nd, 2017

More and more nonprofits are turning to special events as a major source for generating funds. As if event planning isn’t complicated enough, organizations also must take care to properly present the associated revenues and costs in their financial reporting. Beyond “Fundraising” When you sponsor an auction, golf outing or “fun run,” the main goal […]

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Insight

Managing Risks via Special Events Insurance

November 2nd, 2017

To raise funds, nonprofits often turn to large-scale special events, which can prove lucrative but also carry significant risks. Proper insurance coverage will help protect your organization from those risks. Special Event, Special Planning By definition, a special event typically falls outside of a nonprofit’s core functions. As a result, the organization may be uncertain […]

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Insight

Strengthen Your Business with Enterprise Risk Management

November 1st, 2017

A variety of economic, competitive and even meteorological risks may one day threaten your business. An enterprise risk management program can be the fortress that helps you ward them off. Assessing Threats In short, ERM (Enterprise Risk Management) is an integrated, company-wide system of identifying and planning for risk. Many larger companies have entire departments […]

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