Giving the USA released its annual report on American philanthropy for 2014. Here are some of the highlights: 1. Total giving grew to $358.38 billion. It was up by about 7%. 2. Giving was up from all sources. Individual giving accounted for 72% of the total. 3. Bequests grew by 13.6%. It … [Read more...] about Americans Grew More Generous In 2014
Required Annual Filings for Non-Profits
We have found start-up organizations often don’t understand what reports are required annually. When an organization is up and running there are three very important filings required annually to keep the organization in good order with the state and the Internal Revenue Service. The first one … [Read more...] about Required Annual Filings for Non-Profits
Should you set up a subsidiary for part of your operations?
We are sometimes asked by a client if they should set up a subsidiary for some part of their operations. A subsidiary is usually necessary for 2 situations: First, the nonprofit is undertaking an activity where it seeks to reduce liability. Second, it wants to avoid the tax consequences of an … [Read more...] about Should you set up a subsidiary for part of your operations?
COLLEGE OF DUPAGE: A STUDY OF CONFLICTS OF INTEREST
College of DuPage has been in the news recently for all the wrong reasons. There are accusations that the college and its related foundation have given substantial business to board members without competitive bids and without disclosure under any sort of conflict of interest policy. The result is … [Read more...] about COLLEGE OF DUPAGE: A STUDY OF CONFLICTS OF INTEREST
An Introduction to Planned Giving Fundraising
Planned Giving – An Important Part of Fundraising Did you know that only 5% of the nation’s wealth is in cash? If you only ask for cash donations (and too many organizations do), you’ve left a lot of money on the table. If you want your organization to be around in 10 years, you better make … [Read more...] about An Introduction to Planned Giving Fundraising
