How nonprofits can maximize donors’ generosity around the holidays

How nonprofits can maximize donors’ generosity around the holidaysPeople are naturally inclined to make charitable gifts around the holidays. With the end of the year fast approaching, your not-for-profit should prepare now to take advantage of donors’ generosity. Here are four tips for making the most of the season:

Dashboards can help nonprofit boards focus on critical goals

Dashboards can help nonprofit boards focus on critical goalsNot-for-profit board members need to keep an eye on how well their organizations are meeting major goals and furthering their missions. One of the easiest, quickest ways for boards to do this is with a “dashboard” of key performance indicators. Just as an automobile dashboard gives drivers a quick glimpse of their car’s status, a performance dashboard provides an at-a-glance look at an organization’s financial health.

2017 might be your last chance to hire veterans and claim a tax credit

2017 might be your last chance to hire veterans and claim a tax creditWith Veterans Day on November 11, it’s an especially good time to think about the sacrifices veterans have made for us and how we can support them. One way businesses can support veterans is to hire them. The Work Opportunity tax credit (WOTC) can help businesses do just that, but it may not be available for hires made after this year.

Grants can help firm up your nonprofit’s financial foundation

Grants can help firm up your nonprofit’s financial foundationThere are more than 87,000 foundations in the United States — including family, corporate and community foundations — according to the Foundation Center. If your not-for-profit isn’t actively seeking grants from these groups, you’re neglecting a potentially significant income source.

Valuing and reporting gifts in kind and donated services

Valuing and reporting gifts in kind and donated servicesNot-for-profit organizations don’t receive only cash donations. Your support also likely comes in the form of gifts in kind and donated services. But even when such gifts are welcome, it can be challenging to determine how to recognize and assign value to them for financial reporting purposes.

How to maximize deductions for business real estate

How to maximize deductions for business real estateCurrently, a valuable income tax deduction related to real estate is for depreciation, but the depreciation period for such property is long and land itself isn’t depreciable. Whether real estate is occupied by your business or rented out, here’s how you can maximize your deductions.

Are term limits right for your nonprofit’s board members?

Are term limits right for your nonprofit’s board members?Term limits for not-for-profit board members can be a double-edged sword. They can allow you to easily let go of unsuccessful board members, but they also can cause you to lose the best sooner than you’d like. Consider some of the issues involved before making a decision.