By: Justin Wedell (guest blogger, Nonprofit Empowerment Program, Cornerstone OnDemand Foundation) For anyone even tangentially involved in the world of nonprofits, doing more with less has probably been a common motif throughout your experience. To be fair, there’s nothing wrong with efficiency and pursuing less wasteful and more sustainable operations. However, th [...]

This year I attended the The American Institute of CPAs Not-For-Profit Industry Conference in Washington D.C. I reported back on some key takeaways from the conference during our annual accounting and tax update on July 19. I also find it important to share insights from my conversation with Eliz Hovsepian, Vice President of Finance & Controller at Children's Ins [...]

The proposed tax legislation will certainly have a significant impact on individuals and business entities. Some of the changes may also have some unintended consequences for exempt organizations, primarily 501(c)(3) organizations. Below are some highlights that were covered at the Western Conference on Tax Exempt Organizations that both public charities and private f [...]

Effective Dates: Nonpublic Entities: Resource Providers- Annual periods beginning after December 15, 2019 Resource Recipients- Annual periods beginning after December 15, 2018 Early Adoption is permitted Background: In June 2018 Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2018-08, Clarifying the Scope of the Accounting [...]

By: Laurel Mintz, Founder & CEO, Elevate My Brand Social media is a necessary evil that is here to stay. There is no longer an argument that can be made especially for nonprofits that they can eschew this critical medium of communication with their staff, volunteers and donors. The million-dollar question then remains: how can nonprofits better engage their targe [...]

As many of you know, I serve on the Board of the Downtown Women’s Center, a wonderful organization committed to ending homelessness for women. At a Board meeting earlier this month, our CEO, Lisa Watson, shared some of the nonprofit trends she has been observing. One trend she noted was that the government is looking at Social Impact Investment and Social Impact Bonds [...]

Originally published on NonProfit PRO by Nhu Te In today’s changing climate, it’s important for nonprofits to consider equity, to not only improve the nonprofit on how they serve their community, but to promote that the nonprofit understands it, as well. But here’s a thought: It’s more than just diversity and inclusion. Oftentimes, equity is tied with diversity and in [...]

It takes planning and effort to bring in new board members, but what happens after they are voted in? At a recent Board meeting I attended, members were thrilled to vote in two new impressive members. Both bring skills and expertise that the Board had identified as needs, namely public policy and medical expertise. This brings the total new Board members in 2019 to si [...]

The cover story of a recent issue of Bloomberg Businessweek, “Everything is Private Equity Now,” caught my eye. I do see some truth in this seemingly exaggerated title. Over the last 10 years, I have witnessed most large private foundations I work with either venturing into private equity or gradually increasing their asset allocation to private equity. This article t [...]

Many private foundations and other grantmaking organizations have shifted operationally since the COVID-19 pandemic started in order to respond to grantees in need. Common responses have included: Remove restrictions and conditions from grantsWaive reporting requirements Open the application process outside of typical grant cycles However, the current situation has [...]