Healthy nonprofit organizations employ financial management practices that build stability and flexibility both today and in the future. In Nonprofit Finance: 12 Golden Rules, Propel Nonprofits sets out the twelve golden rules for nonprofit finance, including budgeting, diverse funding sources, and interdependence.
Top 5 Missteps to Endowment Management under UPMIFA - "UPMIFA completely overhauled the rules for managing donor-restricted endowments and the accounting standards were also updated in response. However, many organizations have still not realized that the rules have changed; they have continued to follow the principles of the old rules and may not even realize that they are out of compliance." (PBMares, 2021)
This piece is good to share with board members as a base of commonly understood information that will help them manage loans better against the blips, delays and growth tracks in nonprofit finance.
Knowing your nonprofit’s actual costs is common sense. Fortunately, an increasing number of enlightened donors, grantmakers, and government partners are recognizing the reality that essential costs include not only direct program costs, but other costs too – whether referred to as "overhead," "management and general," "administrative," or "indirect costs."
What does it cost to deliver your nonprofit's mission?
When has it ever been easy to secure funding for rural communities? Is there a way to level the playing field so rural nonprofits as well as small towns and counties/boroughs can compete for both government and private sector grants? What are the other options for financially supporting a rural project whether you are a nonprofit or local government? Are collaborative efforts worth the effort? And, of course the biggest question: Who is funding rural America? During this webinar, Cynthia Adams, CEO of GrantStation, answers these and other questions as well as current trends.
By Kim Klein
Small and under-resourced nonprofits are watching major gifts leave their communities and go to national organizations and universities. Meanwhile, almost every county in North Carolina is served by at least one community foundation that is working with these same nonprofits to build and manage endowment funds for local causes. This webinar explores:
A basic overview of endowments: what they are, who gives to them, and what types of assets can be given
David Heinen, Vice President for Public Policy and Advocacy, North Carolina Center for Nonprofits
February 10, 2017