Gift acceptance

Nonprofits – Are You Really Restricting Your Restricted Funds?

Nonprofit accounting standards dictate that nonprofits must treat the gifts and donations they receive in specific ways. This includes making special accounting provisions for funds with donor restrictions and funds without donor restrictions.  However, due to the difficulty involved in complying with these accounting standards, nonprofits are understandably less than [...]

By |2021-01-05T09:55:56-05:00January 7th, 2021|Gift acceptance, Nonprofit Finance|

How Do Charitable Gifts of Retirement Account Assets Typically Work?

When discussing legacy gifts, most assume the conversation is around bequests. Time and time again, surveys have shown that gifts given via a will are the most common planned gift vehicle.  While nonprofits should absolutely be prepared to accept bequests from donors, professionals in these organizations should also be aware [...]

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