Oct
13
There are various perceived motives that form the basis of charitable intent. Three prominent economic models that explore altruism include 1) the public goods model, 2) the warm-glow model and 3) impact philanthropy. Many of our strategies focus on theories discussed in Brian Duncan’s “A theory of impact philanthropy”. The...
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Oct
04
Nonprofit managers and fundraising professionals acknowledge that effective fundraising has become more complex requiring more time and resources to cultivate sustainable donor relationships. We see the use of analytical technology as a priority for nonprofits interested in developing or strengthening philanthropic relationships. By using analytical technology, a nonprofit organization can...
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Sep
21
Retirement savings accounted for 34 percent of household assets in the United States in the first quarter of 2014 according to Investment Company Institute. The total value of such retirement assets is estimated to be $23 trillion. With such a large amount of wealth concentrated in retirement assets, charities working...
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Apr
21
Healthcare providers are confronted with a heighted regulatory landscape since the enactment of the Affordable Care Act. Congress has been patently devoted to prosecuting provider practices that conspicuously overbill Medicare or Medicaid. The ability to prosecute providers under the False Claims Act has significantly changed in recently years including recent...
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Mar
17
A 501(c)(3) organization can lose its tax exempt status if earns excessive income from a regularly carried on trade or business that is not substantially related to its tax exempt purpose. The controlling law for this is found under IRC Sections 511 through 515 and the applicable treasury regulations. ...
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Mar
01
We hope to have several segments which address Tax-Exempt Compliance with applicable IRS regulations and the Internal Revenue Code. A 501(c )(3) public charity receives tax exempt status upon demonstrating that it is organized and operates for a public purpose under 501(c )(3) of the Internal Revenue Code. To maintain...
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Feb
21
Know what role your volunteers will have. Even if your organization has numerous tasks that it just cannot get to, planning is essential to an effective volunteer program. As such, the first step is to think about what suitable tasks and responsibilities are needed that match the organization’s strategic...
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Feb
20
There is a rising effort to protect personally identifiable information (PII). For instance, the OMB provided new guidance under 2 CFR Chapter Part 200 which requires entities receiving federal grant funds to take reasonable measures to safeguard such information. The new reforms define PII as information that can be used...
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Feb
14
In one of our previous posts, we discussed the issue of fraud and the fact that many large nonprofit organizations are victimized each year by fraudulent acts. We wish to continue this discussion but from a slightly different perspective. During research, I came across a statement from Michael Ballin, President...
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Feb
08
Our firm recently consulted on issues related to external fraud and so we believe it is befitting to address this issue here. Most of this article will be to educate persons on this issue than to tell a story. You will find in reading this blog that educating the public...
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