Don’t Run Afoul of Private Inurement Rules
Most not-for-profit executives are aware of the prohibition against private inurement. Generally, nonprofit directors and executives — and their family members — aren't allowed to personally benefit from their positions while putting their organization at Read More
Aug 04, 2021
Danger! How Nonprofits Often Lose Their Tax-Exempt Status
With all the legal hoops involved, it can be difficult for a not-for-profit to secure its tax-exempt status. The last thing you want after gaining this critical designation is to lose it. In the current Read More
Jun 24, 2021
How to Approach Succession Planning
Does your organization have a succession plan in place? And, if it does, is it well documented? Some not-for-profits delay detailed succession planning, thinking of it as a project they'll get to "someday." But that's Read More
May 27, 2021
How Your Nonprofit Can Act on 2021’s Biggest Trends
What can not-for-profit organizations expect in 2021 and beyond? One recent report, "11 Trends in Philanthropy for 2021," offers some answers. Produced by the Dorothy A. Johnson Center for Philanthropy at Grand Valley State University (Grand Read More
Mar 04, 2021
Nonprofits Need to Educate Donors About New Tax Benefits
The Consolidated Appropriations Act (CAA) enacted in December 2020 extends and modifies several key tax provisions originally included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The CARES Act provided several forms of Read More
Feb 04, 2021
When Should Not-for-Profit Organizations Return Donations?
A donor makes a cash contribution to a nonprofit community health organization. The donor itemizes income tax deductions and meets the IRS's substantiation requirements. So he's entitled to take a deduction for the donation. The Read More
Jan 07, 2021
Find a Corporate Partner for Your Not-for-Profit Organization
Practically every not-for-profit you encounter is stretched thin and could use more workers to help raise funds and conduct other activities furthering its mission. But you can't always hire more workers in this budget-conscious environment Read More
Feb 07, 2020