How can museums and other nonprofits better support their financial operations through automation? Streamlining processes, improving accuracy and driving efficiency are all explored in this episode of GHJ’s Nonprofit Bytes podcast.GHJ Nonprofit Audit Expert Mitchell Cota talks with Stephen De La Rosa, the assistant vice president, FP&A [...]

The Ahmanson Foundation funds nonprofit organizations based in and serving Los Angeles County and has become a leader among private foundations in implementing enterprise-wide policies for cybersecurity. Private foundations must recognize that cybersecurity is an expansive area of concern that intersects with legal, operational, reputational and financial issues. [...]

A donor advised fund (DAF) is a philanthropic vehicle that individuals, families and organizations use to manage and streamline charitable giving. The greatest benefit of a DAF is simplicity and flexibility — donors contribute to a DAF and receive an immediate tax deduction for the donation. The funds are then held in the DAF account under a sponsoring organization (s [...]

With the advent of artificial intelligence (AI) and Big Data, there is now more data than ever to be utilized in the decision-making process. This raises an important question: How should private foundations and other funders leverage their data and data analytics techniques in this dynamic philanthropic landscape to better understand their investing and grantmaking a [...]

Historically, if a tax-exempt organization were generating a loss from one activity (such as advertising), it would be able to offset it with a gain from a separate activity, such as unrelated business taxable income (UBTI) reported on a Schedule K-1. In 2017, the Tax Cuts and Jobs Act (TCJA) added a new IRC section 512(a)(6) and introduced a new UBTI silo concept. [...]

By: Karen Baker (Chief Service Officer, State of California and CaliforniaVolunteers) Volunteers are a great resource of additional people that can help a nonprofit fulfill its mission — they represent time, talent, and treasure. When I recently spoke at the GHJ 2015 Nonprofit Conference, I described five “secrets” I’ve identified over my career in the nonprofit ar [...]

This past February, we kicked off our 2014 nonprofit workshop season with a panel discussion on Board governance – The Good, the Bad and the Ugly: The Path to a High-Performing Board. One of the questions we heard from the audience was "Should our Board have a giving requirement, and if so, how much?" Personal giving is an essential part of a Board’s commitment to fun [...]

Legislation to protect unpaid interns and volunteers from sexual harassment and discrimination in the workplace was signed by Gov. Jerry Brown last week, on Sept. 9, 2014. The bill, AB 1443, expands current protections against sexual harassment and discrimination for employees to unpaid interns and volunteers. The types of discrimination covered in the bill include ra [...]

Last week I blogged about the new FAQs related to understanding and applying the new Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, otherwise known as the Supercircular. The AICPA’s Governmental Audit Quality Center (GAQC) has scheduled an event open to non-GAQC members that may be of interest to you as a recipient of f [...]