Financial Services

Today, impact investing has become an essential topic for philanthropic engagement and discussion, and even the Catholic Church has gotten on the impact investment train. Under the direction of Pope Francis, the Church understands that it also takes making money to make a difference...

While the federal government was dealing with the shutdown at the start of 2019, many nonprofits were trying to sort out new reporting guidelines concerning their fiscal conditions...

The Tax Cuts and Jobs Act of 2017 dramatically changed the income tax laws for individuals and families in 2018. As a result, donors to charitable organizations may want to make some adjustments to their annual donations to maximize the income tax benefits of their charitable gifts. Before and after the tax act, donors who…

As we discussed last year in the April issue of NonProfit PRO, donor-advised funds have been picking up speed lately, and they’re rapidly growing in popularity as the way to give to charities.

Where do you even begin? Don’t fret! Grant writing is not intimidating and provides plenty of benefits for your organization.

The Financial Accounting Standards Board recently released a new accounting standards update for nonprofits in efforts to help them improve the way they present information in financial statements. The new accounting standards update provides more useful information to donors, grantors, creditors and other users of financial statements...

Reducing the fundraising burden against operational expenses or minimizing the scale required of a capital campaign for physical improvements is possible. A new financial tool, recently deployed by both Volunteers of America Chesapeake and The Simon Foundation, demonstrates a capital conservation technique that can be utilized by countless nonprofit organizations throughout the U.S...

If you work for a U.S. charity, you might have noticed a positive change in affairs. Yep, donations have gone up in recent years. According to Giving USA’s most current report on philanthropy, annual charitable donations reached a new high of $390 billion in 2016, with individual giving increasing 4 percent across the board. That’s good news for everyone...

In this day in age, it’s crucial for a business to understand what goes into financial statements and how to properly report finances. And while, technically speaking, nonprofit organizations are not required to follow generally accepted accounting principles (GAAP), it doesn’t mean nonprofits shouldn’t...

You’re in a team meeting when lightning strikes: Your team just hatched the most incredible idea! It has the potential to answer all your problems, fix community issues and revolutionize your organization. It is so tempting to go out and try to raise money for it immediately. After all, who wouldn’t want to fund the next great idea?...