Nonprofit
Endowment Updates
Nonprofits dream of substantial endowments to allay rising operating costs and for greater flexibility to pursue new programs and ideas. Nonprofits…
Are you Part of a Trade Association? Membership Options for Government Employees
While many government employees benefit from professional association membership, federal and state statutes may prohibit or limit the reimbursement of…
Best Internal Control Practices for Schools
Schools are the perfect places to find new opportunities and challenges at every turn. Furthermore, the next challenge your institution…
Private Schools: Accounting for Delinquent Accounts
Even schools with the most stringent of tuition policies can find themselves dealing with delinquent accounts. So, how do you…
What Is a Joint Activity?
A joint activity is the combination of fundraising and another function incorporated into a single activity. When accounting for joint…
A Welcome Break on the Fee for 1023-EZ Application for Tax Exempt Status
Effective July 1, 2016, the application fee for filing the Form 1023EZ has been lowered to $275. The old fee…
Corporation May Not Deduct Matching Contributions to its PAC
In a recent private letter ruling LTR 201616002, the IRS responded to a request for ruling as to whether contributions…
Does Blue Cross Blue Shield Have Too Much in Reserves?
According to the Chronicle of Philanthropy and the Houston Chronicle, Blue Cross and Blue Shield of Texas, whose parent is…
Fund Profile: The Abell Foundation Invests in Baltimore Companies
This is the first in a series of scheduled blog posts about funds that invest in Metro DC/Baltimore area companies. …
Rules of Deduction: Fine Art and Other Non-Cash Donations
Fine art can be a valuable donation for a nonprofit. Whether it is used as part of a gala auction…