Restricted Gifts: What to Do When Strings Are Attached
Brad, the development director of an international environmental charity, was excited to hear that a past supporter was pledging a new, six-figure donation. But there was a catch: the donor wanted to restrict how and where her donation was used. While Brad welcomed the donation, he knew that restricted gifts come with specific responsibilities. If […]
Is Your Nonprofit Board Truly Independent? IRS Guidelines to Know
Are the members of your not-for-profit’s board truly independent? You might instinctively say “yes,” but ensuring director independence goes beyond simply avoiding conflicts of interest. The IRS has a specific four-part definition of independence, and if a majority of your board members don’t meet these criteria, your organization’s governance could be questioned by the IRS, […]
Combatting Negative Public Perceptions of Your Nonprofit
A 2023 survey by Indiana University’s Lilly Family School of Philanthropy offered nonprofits both encouraging and concerning insights. While the public trusts philanthropic organizations more than government and businesses, 30% of respondents feel nonprofits are on the “wrong track,” and only 18% believe they’re on the “right track.” The remainder were undecided. As a nonprofit […]
