D&O insurance: Some FAQs for nonprofits
Directors and officers (D&O) liability insurance enables board members to make decisions without fear that they’ll be personally responsible for any related litigation costs. Such coverage is common in the […]
Divide and conquer: How joint cost allocating works
In recent years watchdog groups, the media and others have increased their scrutiny of how much not-for-profits spend on programs vs. administration and fundraising. Your organization likely feels pressure to […]
Warning! 4 Signs your nonprofit is in financial danger
Signs of financial distress in a not-for-profit can be subtle. But board members have a responsibility to recognize them and do everything in their power to avert potential disaster. Pay […]
Nonprofit member surveys: Dos and don’ts for the 5 D’s
You can’t serve the needs of your not-for-profit’s members unless you know what those needs are. Many organizations take the pulse of their membership with regular surveys but fail to […]
3 ways to improve development and accounting collaboration
Communication breakdowns between a not-for-profit’s development and accounting departments can lead to confusion, embarrassment, and even financial problems. Here are three ways your organization can facilitate cooperation between these two […]
5 delegation best practices for nonprofit leaders
Done well, delegation allows not-for-profit executives to focus on their most important tasks, helps to build bench strength and gets staffers out of the office before midnight. But done poorly, […]
How fiscal sponsorships work for established — and fledgling — charities
A fiscal sponsorship occurs when an established charity provides a kind of legal and financial umbrella to a charitable project that lacks 501(c)(3) status. This type of arrangement can benefit […]
Make a licensing agreement work for your nonprofit
Licensing your not-for-profit’s name to a for-profit company can provide a valuable new revenue source — but it can also be risky. If you’re considering a licensing arrangement, ensure that […]
When should you reconsider a special event?
Not-for-profits use special events to raise large amounts in a short period of time. Most often, the donor receives a direct benefit from the event — such as dinner or […]
Nonprofits should be prepared for sudden outpouring of support
Americans gave unprecedented sums to charity in response to the devastating hurricanes last year. Large organizations, such as the American Red Cross, were equipped to handle the huge influxes of […]