Nonprofit Blog

The latest finance, accounting, tax, audit and software news uniquely tailored for the nonprofit industry – private schools, foundations, museums, animal/environmental/social welfare, and church or faith-based organizations. Follow for the latest nonprofit trends, rule changes, best practices and free educational offerings.

Friday, December 11, 2020

Use Benchmarking Tools to Powerfully Tell Your Nonprofit’s Story

Nonprofits have an important story to tell key stakeholders, funders, donors, boards and peers. This story is what makes each organization unique, but nonprofits also share a common need to demonstrate how funding and operations are meeting mission goals. One of the best ways to effectively understand and tell your story is through benchmarking. This …

Wednesday, November 13, 2019

Determining Annual Dues Deductibility for Memberships

When members purchase annual memberships, it can be difficult to determine what portion of the membership dues may be deductible as charitable contributions. However, it is your organization’s responsibility to determine the approximate fair market value (FMV) the donor receives in exchange for their membership purchase and to notify the donor of the amount. The …

Monday, October 21, 2019

How Blockchain and Cryptocurrency Can Impact Private Education

Blockchain and cryptocurrency will revolutionize a wide range of industries in many ways — including private education.  Some of the impactful changes are still in an experimental phase, but the technology offers many immediate benefits to schools, including improved transparency and a broader donor base. It is also a potential solution to the pervasive problem …

Tuesday, July 30, 2019

Blockchain for Nonprofits: Greater Trust, More Donors, Lower Costs

Blockchain will revolutionize a wide range of industries in many ways. Its potential to change nonprofits goes less noticed than some other use cases, but its ultimate impact on nonprofit organizations will be substantial. Some of the significant changes are still in an experimental phase, but there are many immediate benefits to preparing a nonprofit …

Monday, July 1, 2019

Lessons Learned From Nonprofits on the Digital Transformation Journey

Digital transformation is happening — and not just in the realm of Fortune 500 and tech-based companies. This trend of fundamentally rethinking how organizations deliver value to constituents is becoming mainstream in nearly every sector of the for-profit and nonprofit world. And small, lean organizations might have more to gain from investing in technology to …