Volunteers provide invaluable services to many nonprofits that often look for ways to reward those volunteers for their services. While certain perks such as free meals at meetings or events [...]
Volunteers are often essential to a nonprofit’s operations, and because they can be involved in almost every part of an organization’s work, volunteers can pose risks if not managed properly. [...]
The California Franchise Tax Board (FTB) recently announced several updates affecting nonprofits for 2021. These changes are effective as of January 1, 2021. FTB Form 3500 To apply for or [...]
The IRS’s Tax Exempt & Government Entities Division (TE/GE) recently issued its annual program letter outlining its areas of focus for 2021. The agency also released a new compliance website [...]
2020 was an incredibly challenging year for nonprofit boards distracted by complying with ever-changing state and federal regulations due to COVID-19 while still trying to stay true to their [...]
Endowment funds are a form of investment vehicle used by many types of nonprofit organizations to provide for structure and long-term management of the organization’s financial assets. Managed by [...]
It is not uncommon for a nonprofit to create affiliate organizations in order to expand its reach into new areas, protect critical assets, or engage in activities that may otherwise jeopardize [...]
The IRS recently issued Notice 2020-36 that proposes new requirements to qualify for group tax exemptions under Section 501(c) that would supersede Rev. Proc. 80-27. The proposed guidance does [...]
One of the most important assets for a nonprofit organization is an engaged board of directors. However, boards that do not have a clear understanding of their legal duties when it comes to their [...]
Guidance for Nonprofits on Managing Donor-Restricted Endowment Funds During the COVID-19 Pandemic
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In these uncertain times, nonprofits with donor-restricted endowment funds could see a substantial impact on the power of those funds. Below are some tips for managing endowment funds during the [...]