Nonprofit Terms
The nonprofit sector is full of unique acronyms and technical jargon. Whether you’re a new board member, a curious donor, or a nonprofit professional, use this guide to navigate the language of social impact with confidence.
Nonprofit Terms
A donor-advised fund (DAF) is a charitable giving account that allows donors to make a tax-deductible contribution, invest those assets for potential growth, and recommend grants to eligible nonprofits over time. For nonprofit finance leaders, DAFs represent one of the most significant and fastest-growing sources of charitable revenue available today. Quick Summary How a donor-advised […]
Financial Management for Nonprofits
The legal distinction between 501(c)(3) and 501(c)(4) status gets explained constantly. The financial implications almost never do. Most guides stop at “501(c)(3) donations are deductible; 501(c)(4) donations are not.” That’s true, but it’s only the beginning. The two designations create cascading differences in grant eligibility, expense tracking obligations, Form 990 reporting, accounting system setup, and […]
Financial Management for Nonprofits
Fund accounting isn't just a financial system—it's a critical tool for building trust, maintaining compliance, and guiding smart decision-making…
Financial Management for Nonprofits
A Chart of Accounts (COA) acts as the blueprint for your accounting system, categorizing each transaction so you always know where your money…
Financial Management for Nonprofits
Learn what GAAP is, why it matters, and how it affects financial reporting for businesses and nonprofits. Discover the 10 key principles of GAAP an…
Financial Management for Nonprofits
An IRS Determination Letter is the official written recognition from the Internal Revenue Service that your organization qualifies as tax-exempt unde…
Financial Management for Nonprofits
A comprehensive guide to understanding the Financial Accounting Standards Board – FASB standards and rules and their impact on nonprofit…
Financial Management for Nonprofits
Learn what donor-restricted contributions are, how they differ from unrestricted gifts, and best practices for nonprofit financial management…