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Thought Leadership

Avoid the UBIT Trap of Corporate Sponsorships

Avoid the UBIT Trap of Corporate Sponsorships

Landing a corporate sponsorship is an accomplishment, especially in today’s economy. If you do succeed in securing a corporate sponsorship, you’ll want to keep unrelated business income tax (UBIT) from cutting into your new income. If you meet the requirements for a qualified sponsorship payment…

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Is Your Not-for-Profit Prepared to Accept Cryptocurrency Gifts?

Is Your Not-for-Profit Prepared to Accept Cryptocurrency Gifts?

When cryptocurrencies first came on the scene, they were widely viewed as a fringe development, but in recent years they’ve moved closer to the mainstream. As more individuals and businesses have begun accepting payment with cryptocurrency, not-for-profits increasingly hear from donors who wish…

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Are You Using Relevant Ratios in These Uncertain Times?

Are You Using Relevant Ratios in These Uncertain Times?

Financial statements play an important role in assessing your organization’s health. However, they aren’t necessarily the best way to communicate performance to stakeholders. Ratios, on the other hand, grab information from your financial statements and can be presented as easy-to-process…

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Three Steps to Effective Benchmarking

Three Steps to Effective Benchmarking

Benchmarking your organization against set standards for productivity — and, yes, profitability — is a widely recognized method for boosting performance. Yet many not-for-profits engage in the practice only sporadically, forfeiting some significant benefits. Make the process simple by following…

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Successful Grant Compliance in Six Steps

Successful Grant Compliance in Six Steps

Federal and state grants are a fact of life for many government and not-for-profit organizations, but managing them can be challenging for even the most organized administrator. No matter what stage you are in for the various grants your organization receives, complying with the various terms of…

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Get Your Operating Reserves in Order

Get Your Operating Reserves in Order

Recent tax law harshly affects the level of donations for many not-for-profit organizations. Combine that with uncertainties about government funding, and it’s easy to see that operating reserves are more important than ever for long-term sustainability. Yet studies show that organizations often…

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Donation Acknowledgment Letters: What You Need to Include

Donation Acknowledgment Letters: What You Need to Include

Sending thank-yous to your donors doesn’t just make sense in terms of building and maintaining relationships. The IRS mandates that taxpayers substantiate single contributions of $250 or more with contemporaneous written acknowledgments. Here’s what you should include in those acknowledgments.…

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How to Make the Most of Your 2020 Charitable Contributions

How to Make the Most of Your 2020 Charitable Contributions

As most taxpayers know, charitable contributions can be a good way to help others while reducing your overall tax bill. In 2020, this may be true now more than ever, as organizations rely on cash and other kinds of charitable contributions to address increased needs and a challenging fundraising…

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