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Starting a nonprofit

Why Start a Private Foundation
Starting a nonprofit

Why Start a Private Foundation?

With the popularity and ease of donor advised funds, why do some donors still choose to start a private foundation to conduct their charitable giving?

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What Nonprofits Need to Know About DOL’s New Independent Contractor Rule
Starting a nonprofit

Independent Contractor vs. Employee

Misclassifying employees as independent contractors is a common mistake made by many nonprofits. Still, improperly misclassifying an employee as an independent contractor can be costly. Nonprofits can suffer payroll tax liabilities and penalties or lawsuits from federal and state authorities for reimbursement of workers’ compensation claims.

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nonprofit organization volunteers
Starting a nonprofit

Tips for Managing Volunteers

While many nonprofits may be enjoying the surge in volunteerism, relying on volunteers can come with its share of risks. Still, abiding by a few key practices can ensure that both the nonprofit organization and its volunteers get the most out of the experience. 

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cybersecurity
Starting a nonprofit

Data Privacy and Nonprofits

Blackbaud is familiar to many nonprofits and universities as one of the world’s leading cloud software companies for fundraising, relationship, and financial management. Now they are in the limelight after a highly publicized ransomware attack in which perpetrators obtained a copy of a subset of data from its Raiser’s Edge and NetCommunity products that track clients’ donors and fundraising activities. Although Blackbaud maintains that no personal information (such as credit card numbers, banking information, or social security numbers) was compromised in the attack, Blackbaud users impacted by the breach have since filed a class-action lawsuit for negligence, breach of contract, and other allegations.

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Does Your Nonprofit Need a Business Continuity Plan?

The unexpected has increasingly become¦.well, expected. And failure to adequately plan for anticipated risks can subject directors to scrutiny for breaching their fiduciary duties. Having a business continuity plan is increasingly important; not only for ensuring the continued operation of essential services but also to shield directors from liability for failing to plan for such disruptions. Here’s what you need to know:

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Business Interruption Insurance and COVID-19

Business interruption insurance is most commonly designed to replace lost income in cases where a business premise is physically damaged or where access to the insured’s property is prohibited by closure orders from a civil authority because of damage to property surrounding the insured’s business. 

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Fiscal Sponsorship
Starting a nonprofit

The Pros and Cons of Fiscal Sponsorship

Fiscal sponsorship is when a nonprofit organization accepts tax-deductible donations on behalf of another organization that does not have 501(c)(3) status.  Solicitations are made in the name of the fiscal sponsor and therefore permit the sponsored project to rely on the sponsor’s IRS determination letter, solicitation registrations, etc.

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How to Start a Non-Profit Organization

Download our free guide to learn about the many elements needed to run a successful nonprofit organization, as well as how to avoid common pitfalls and mistakes.