Nonprofit organizations most often rely on endowments and charitable donations to fuel their mission-driven work. While these financial resources are essential, they also come with complexities that demand careful management and consideration. Concepts such as donor agreements, standardized policies, and gift acceptance guidelines are significant means of ensuring that the donation furthers the organization’s mission Read More
Financial and Investment Challenges Faced by Nonprofits with Large Philanthropic Gifts
MacKenzie Scott has already donated an estimated total of $146 million to 24 nonprofits this year, according to The Chronicle of Philanthropy. This amount is based on organizations that have publicly stated they received a donation from Scott in 2023. The number of nonprofits is probably much higher. Scott's donations range from $1 million to $15 million, and she has given to community-led and -focused organizations Read More
Endowments Need Effective Investment Committees
Endowments need good investment committees. What happens when governance goes awry? Whether your nonprofit is launching an endowment, changing advisors for the endowment or growing your Finance or Investment Committee, it is important to have an effective investment committee or sub-committee. As we mentioned in our previous blog, your nonprofit should start with a strong foundation of financial policies. Much like Read More
