The OMB Uniform Guidance establishes important rights for nonprofits: "Governments at all levels – local, state, and federal – that hire nonprofits to deliver services are now required to reimburse nonprofits for the reasonable indirect costs (sometimes called “overhead” or “administrative” costs) they incur on behalf of governments when federal dollars are part of the funding stream. The new mandate is embedded in grantmaking rules that the federal Office of Management and Budget (OMB) put into effect at the end of 2014.
Outside Resource
Special events are important vehicles for developing relationships with your donors. The cultivation activities you undertake after the event may just be the reason that gift ultimately comes your way. Learn more from Grassroots Fundraising.
Charitable organizations have long used raffles as an effective way to raise support. Conducting a raffle seems simple enough, at least on the surface, right? But before undertaking a raffle, you’d be well advised to familiarize yourself with the requirements outlined in this update. (The Micah Project)
Get guidance on commonly asked questions about insuring volunteers, including what types of claims could be filed against your nonprofit and what coverages are available to protect your organization. (Nonprofit Risk Management Center)
When a nonprofit loses a key person, it causes a waterfall effect for the organization. Fortunately, the possibility of death or disability of a key person is a contingency that can be insured. (Council Services Plus, Inc.)
This skills and experience inventory from Youth Empowerment Solutions can be adapted to fit your nonprofit’s needs in assessing the skills of your staff, designating duties and responsibilities, and planning professional development training. The following resource may also be of assistance in designing
Looking to develop a risk management program? Risk Management for Nonprofit Organizations outlines five key steps in the risk management process. (Nonprofit Risk Management Center)
This guide seeks to explore the expanding world of volunteer screening, identify relevant laws as well as fundamental privacy protections, and offer suggestions for organizations and volunteers. References and additional resources are included at the end of this guide. (Privacy Rights Clearinghouse, 2019)
Volunteer Background Checks: Giving Back Without Giving Up on Privacy
IRS Publication 526, Charitable Contributions - To be tax-deductible, clothing and household items donated to charity generally must be in good used condition or better. A clothing or household item for which a taxpayer claims a deduction of over $500 does not have to meet this standard if the taxpayer includes a qualified appraisal of the item with the return.
Most grantors require a final project report, including a financial report. This sample illustrates a final financial report outlining budgeted expenses, actual expenses and the expenses allocated to that particular funding source. (Maine Association of Nonprofits)