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Categories
The Challenge
Are you a Not-For-Profit (NFP) organization that is tired of the excess paperwork to track donations or membership lists? You are not alone. With shrinking funding, reduced donations, and limited human resources, it is more important than ever that organizations create and manage systems which help achieve their operational objectives while addressing the constraints and limitations of today's operating environment. One of the key enablers is the efficient and effective use of information technology.
Making the Best of Your Current Situation
Many small and medium sized organizations currently use QuickBooks or Simply Accounting for their accounting system.…
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The Need
Over the past few years more and more not-for-profit organizations are realizing the need for a welldrafted, formal investment policy. Without a clear policy, directors and management of the organization may be failing in their fiduciary responsibilities. Any organization that has assets to invest needs to have explicit policies to guide their investment activities. By establishing a formal policy that is built around the organization's specific goals and objectives, directors can be assured of a stable financial future for the organization.
The Process
The process of creating an investment policy begins by defining the overall goals,…
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What is Planned Giving?
Planned giving is an ongoing method of providing a gift of funds to a charity with the emphasis on building a long-term relationship. This may include current and deferred gifts but in all cases benefits both the donor and the charitable organization.
With current outright monetary gifts the charity has the immediate ability to use the funds to carry out important projects. The donor can see the benefit of donated funds at work immediately. Funds are utilized at present value rather than at a reduced value…
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Welcome to our Not For Profit Alert Newsletter, a publication of Collins Barrow, for its clients and associates. It is designed to highlight and summarize areas of interest to the non profit community in Canada. The contents herein are for the general interest of the reader. They are not intended, and should not be relied upon as legal or professional advice.
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2012
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