Spring 2012
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| Treat your employees like the valuable assets they are | |
 | When asked to list their organization’s assets, nonprofit leaders are likely to leave personnel off the list. But without a knowledgeable and committed staff, there’s little chance of delivering program services or raising enough money to fund them. This article discusses how to find and keep good staff. This starts with smart hiring, but staffers also need to buy in to the nonprofit’s mission and support its programs. A sidebar lists nonmonetary ways to let staffers know they’re valued. Read More |
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| Planned giving: Your future is now | |
 | In these economically challenging times, it’s especially important that nonprofits focus on planned giving. Most wealthy donors who pledge to make lifetime gifts or to leave part of their estate to the charitable organization will follow through on their intentions. But they need to be educated about the advantages of planned, or deferred, giving. This article explains the vehicles available to them and how nonprofits can find potential donors. Read More |
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| Politics as usual — What an election year means for nonprofits | |
 | It’s a myth that nonprofits must remain apolitical. Under Internal Revenue Code Section 501(c)(3), charitable organizations can participate in advocacy, such as educating the public about an issue central to their mission. And they can even engage in lobbying — within limits. But it’s important for nonprofits to exercise caution when participating in political activities — or they may risk their tax-exempt status. This article explains the different rules for 501(c)(3) and 501(c)6 organizations. Read More |
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| New AICPA white paper offers fair value guidance | |
 | Assessing the fair value of a nonprofit’s assets for financial statements isn’t an easy task. But a recent white paper issued by the American Institute of Certified Public Accountants (AICPA) should help clear up some uncertainty. This article notes that “Measurement of Fair Value for Certain Transactions of Not-for-Profit Entities” provides guidance for valuing three types of nonprofit transactions: unconditional promises to give cash or other financial assets; beneficial interests in trusts; and split interest agreements. Read More |
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This publication is distributed with the understanding that the author, publisher and distributor are not rendering legal, accounting or other professional advice or opinions on specific facts or matters, and accordingly assume no liability whatsoever in connection with its use. ©2012 • NPOsp12 | |