By: Richard Ruvelson Many tax-exempt organizations are not aware of the fact that they may be entitled to claim credits for excise taxes paid for certain on-road and off-road vehicle use. For federal purposes, gasoline and aviation gasoline purchases may qualify for the credit. Ultimate purchasers of gasoline for uses including the following qualify: Off-highway bu [...]

This episode explores how grants management software allows private foundations to streamline processes and simplify reporting through automation and data analytics. As with any new piece of technology, the decision to adopt grants management software should be made after understanding the private foundation’s mission and priorities and how the software would contribu [...]

GHJ’s Risk Management for Private Foundations Series: Navigating Challenges and Seizing Opportunities dives deep into the risks that private foundations face and offers practical solutions across a spectrum of areas including automation, cybersecurity and new giving strategies. Gain insights into implementing new ideas, ensuring compliance and exploring innovative par [...]

GHJ’s Risk Management for Private Foundations Series: Navigating Challenges and Seizing Opportunities dives deep into the risks that private foundations face and offers practical solutions across a spectrum of areas including automation, cybersecurity and new giving strategies. Gain insights into implementing new ideas, ensuring compliance and exploring innovative par [...]

Originally published in Philanthropy News Digest. Trust-based philanthropy (TBP) gained popularity during the pandemic as nonprofits needed to respond quickly to changing needs. It has taken on many names over the years as the concept grew in popularity, but TBP lessens the burden on nonprofit grantees and creates a more equitable power dynamic between grantors and g [...]

Originally published in Inside Philanthropy. Amid global shifts due to the COVID-19 pandemic and a nationwide reckoning around social justice, philanthropy has taken a new shape. More donors are exploring trust-based philanthropy, a charitable approach that aims to make giving more democratic, inclusive and collaborative between funders and grantees. This approach ai [...]

I thought I’d share some key takeaways from a recent presentation I attended on the Patient Protection and Affordable Care Act. Most organizations have not… Determined the expected financial impact of health care reform Modeled scenarios to determine the cost-benefit of offering or not offering benefits to employees Thought about the “look back” period and how to [...]

As the season of giving approaches, it is important to remind ourselves of the opportunities to give back to those without access to basic life necessities. GHJ Foundation is doing its part by contributing to organizations serving under-resourced communities. GHJ Foundation’s rotating Grants Committee convenes twice a year for its grant selection process. As part of [...]

By: Margaret Karren The Financial Accounting Standards Board (FASB) released an Accounting Standards Update (ASU) with the goal of simplifying and improving the not-for-profit reporting of net asset classifications, liquidity information, financial performance and cash flows. Net Asset Classes: Revised net asset classifications to two classes, net assets with donor re [...]

Return on investment (or ROI) is no doubt a key metric (and usually the only metric that matters) to business investors. As an outsider to a company, an investor hands over his surplus cash to the owners of that company in the hopes that he will get something greater in return. A little money and a lot of faith are involved in such transactions. Stock traders do it al [...]