Mary Hiland of Inspired Nonprofit Leadership interviews Maya Tussing to discuss nonprofit risk management, why nonprofits need a reserve, how much is required and other insights. INTRODUCTION Welcome to Inspire Nonprofit Leadership, where you'll hear insights and useful strategies as well as lessons learned from other nonprofit leaders and valuable tips from a variety of experts. Here to help you Read More
A Better Way of Giving
As published in Investment NewsEasy to set up and accessible to a broader range of investors, donor-advised funds help clients achieve charitable goals and give advisers something to talk aboutMarch 22, 2020 By Mark Schoeff Jr Fortune 500 executive client of Dan Rinzema’s had a lot of appreciated stock on his hands and felt charitably inclined. So Mr. Rinzema, chief client officer at Greenleaf Trust, turned to a Read More
4 Budget Rules for the 21st Century
For organizations managing to a calendar year, January told you how effective you were as a financial forecaster. Did it bring good news or bad? Is it what you expected? Does one month even matter? How organizations develop and use budgets has changed over the past decade and it’s essential that leadership reflect the new thinking toward financial strength. Twelve Month Budgets Are Arbitrary An annual budget is a Read More
The Network Gap: Impact on Nonprofits and Their Financials
Having a powerful network can bolster a nonprofit’s donor base and open access to additional funding sources. But what happens when the Executive Director and Board Members do not have a powerful network? I attended a half-day summit at LinkedIn’s San Francisco headquarters in November on The Network Gap. As LinkedIn defined it, “The network gap is the advantage some have based on where they were born, where Read More
Won the Lottery? Don’t Do This.
Your adult son is asking you for money again. He wants $100,000 to open a second restaurant to expand into a new market. You’re inclined to gift him the money since his first restaurant has been a great success. But here’s the thing: he’s sitting on $44 million after winning the lottery a few years ago. He invested the proceeds prudently so that the performance gains alone have amounted to almost $3 million a Read More
Citywire USA: Women in Wealth: Building Personal Bonds with Clients
Are My Charitable Donations Having An Impact?
Levi XU Stock market investments are measured by returns, philanthropic investments by outcomes – the latter is far more complex. As one of the most philanthropic nations, the U.S. has had a long history of charitable giving and yet, in the past few years, there has been immense discussion about the impact of those gifts. We’ve already covered how you can give strategically in a previous Read More
Top Nonprofit CFO Shares Her Secrets for Financial Success
I met Sally Petersen about a year ago to discuss our common interest in nonprofit risk management. She brought great insight to the discussion, leveraging her obvious, deep experience in accounting and finance. I only learned later I was talking to powerhouse in the nonprofit financial management sector. During her 12 year tenure as CFO for Second Harvest Food Bank of Silicon Valley, she helped the organization Read More
ESG Investing: Three Hurdles Every Philanthropic Investor Should Know
Let’s say you binge watch a number of alarming food documentaries one day and decide to explore a brand new diet that could change your life for the better. You’ve always wanted to adopt a healthier lifestyle. It starts well: you’re motivated and better yet, lose weight quickly! But keeping it up proves harder as time goes on. The dishes aren’t as satisfying as your old diet. You’re forced to cook more, which Read More
Do You Have A Charitable Giving Strategy?
Are you someone who gives regularly to charitable causes but are flummoxed by the changes in personal financial planning in the past couple of years? Or, are you someone who gives regularly but wondering how to have a greater impact on one or more organizations you support? One of the biggest impacts to charitable giving in the past few years was the Tax Cuts and Jobs Act (TCJA) passed in Read More
