In June, the American Institute of Certified Public Accountants held a virtual Not for Profit Conference, which discussed a range of issues including stimulus funding, changes to tax law, cybersecurity and changes to independent auditors report.
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Individuals and Organizations Encouraged to Give
On March 18, Philanthropic partners across Northeast Ohio today announced the creation of the Greater Cleveland COVID-19 Rapid Response Fund, which will soon distribute grants to nonprofit organizations serving on the front lines of the pandemic throughout Greater Cleveland.
Contributions to the Rapid Response Fund now total $3.95 million from 18 different organizations.
Funding partners urge other foundations, corporate entities, individuals, and other organizations to contribute to the fund via ClevelandFoundation.org/Response. Donations of any amount are welcomed, and all contributions are tax deductible.
Initial support for the fund was made possible by:
Zinner & Co. partner Sue Krantz, CPA, CGMA, recently completed her term on the Board of the Cleveland Rape Crisis Center.
For the past nine years, Krantz was honored to serve, most recently as Treasurer and a member of the Executive Committee.
“While my term has come to a close, I was proud and in awe of the significant accomplishments, which took place at CRCC while I was a member of the Board,” she said. “CRCC expanded its offices and staffing in order to improve access to its free services, which are now offered in four counties, in many regional satellite offices and at partner agency locations.”
Recently passed legislation will benefit nonprofit organizations by repealing an unpopular unrelated business income tax (UBIT) on expenses of nonprofits that provide transportation fringe benefits to their employees.
The “Parking Tax,” which was imposed under I.R.C. Section 512(a)(7) upon enactment of the 2017 Tax Cuts and Jobs Act, has now been retroactively repealed under the Taxpayer Certainty and Disaster Tax Relief Act.
A public relations disaster can bring any organization to it’s knees, and nowhere is this more true than not-for-profits. A critical component of surviving negative attention is responding to it in a thoughtful and timely way. One of the best ways to achieve this is to have a fully-developed crisis communication plan.
One of the hardest things about running a non-profit is getting the word out to prospective donors and constituencies about your mission and why donors should support your fundraising efforts. With many causes competing for prospective donors’ time and attention, it can be difficult to get and keep their interest.
Part 2 of a 2 Part Series - Read Part 1 Here
In the first part of this blog series, we looked at some of the reasons for changes in charitable giving trends. In this part, we’ll look at how non-profits should approach fundraising.
For not-for-profit organizations, fundraising is a way of life. It is vital part of fulfilling their mission and serving their constituency. Over the past few years, fundraising has changed appreciably and non-profits have been forced to find new/better/smarter ways of doing things.
If you’re on a Board of Directors, serve as an Officer or are on the executive team of a company or board of directors, there is a type of insurance you need to know about – Directors and Officers Insurance (known as D&O Insurance.)
If you manage a not-for-profit, you know you’re always trying to do more with less. You keep a tight budget and splurging on luxuries is out of the question. When it comes to software, there are a lot of great solutions that are free (or deeply discounted) for nonprofits.