Nonprofit

New Loan Programs Created for Nonprofits

    On July 17, 2020, the Federal Reserve (Fed) finalized details for two new Main Street loan programs created for not-for-profits (NFP): Nonprofit Organization New Loan Facility and Nonprofit Organization Expanded Loan Facility. Lenders will assess NFPs for a Main Street loan based on meeting the program terms and the lenders’ own underwriting standards. […]

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Appealing to the next generation of supporters

Factors such as wealth level, education and even whether people volunteer, probably will tell you more about potential donors than their generation. But some broad generalizations about age can help not-for-profits target particular groups for support. The newest generation of adults belong to what’s being called Generation Z, and it’s possible to draw some conclusions […]

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The latest news on nonprofit fraud is here

Every two years, the Association of Certified Fraud Examiners (ACFE) publishes what has become the definitive guide for preventing and detecting workplace fraud. The recently released Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse draws conclusions from more than 2,500 fraud incidents — including 191 in not-for-profit organizations. In fact, this […]

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When nonprofit contributions are quid pro quo

Charitable contributions aren’t always eligible for tax deductions — even when the not-for-profit recipient is tax exempt and the donor itemizes. Take “quid pro quo” donations. These transactions occur when your organization receives a payment that includes a contribution and you provide the donor with goods or services valued for less than the total payment. […]

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