The Uniform Prudent Management of Institutional Funds Act (UPMIFA) is a crucial model law for nonprofit and charitable organizations. It offers guidance on investment decisions and endowment expenditures, aiming to ensure responsible and prudent fund management to support long-term goals and missions. For nonprofit leadership and board members, understanding and implementing UPMIFA is essential for the financial Read More
Unrestricted Gifts Still Need Structure
In the nonprofit sector, unrestricted gifts present a unique set of opportunities and challenges. These funds come with no strings attached, providing organizations with a rare flexibility in how they allocate their resources. However, the freedom associated with unrestricted gifts also brings a responsibility to make wise financial decisions that uphold the integrity of the nonprofit and fulfill its mission. Read More
NCJW presents seminar on tax strategies for Wednesday, Nov.15 in Donner Room
by NCJW The National Council of Jewish Women presents simple year-end tax strategies to maximize charitable gifts and decrease taxes. Whether someone writes a modest personal check to a nonprofit or has a charitable giving plan that includes a donor-advised fund or direct payments from an IRA, are they making the most of their generosity? Would one like to have a greater impact on the organizations about whom they Read More
Market & Economic Snapshot Q3 2023
Gift Acceptance Policies & Endowments
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
Choosing Nonprofit Endowment Advisors in Six Steps
Simplifying Advisor Selection Process for Your Endowment When I first started doing nonprofit board work several years ago, I remember receiving advice along the lines of “Remember, your job as a Nonprofit Board Director is to advise. Knowing your boundaries is important for the success of the leadership team and the organization.” The challenge for many nonprofit board members, however, is knowing where those Read More
