Non-Cash Charitable Contributions: IRS Rules to Follow and Audit Risks to Avoid
If you’ve ever donated clothing, real estate, stock, or business equipment instead of cash, you already know the appeal: non-cash gifts can create meaningful tax deductions while supporting causes you ...
How The Ray Group Help Protect Nonprofits From Holiday Fraud
As the year draws to a close, many nonprofits ramp up fundraising efforts, donor outreach, and event activity. This surge also presents an elevated risk of scams and fraudulent schemes, especially tar ...
How Nonprofits Can Use Form 990 To Attract Donors
For nonprofits aiming to grow their funding, visibility and trust are everything. One often overlooked tool that can play a major role in increasing donations with Form 990 is the very document nonpro ...
CECL Reporting For Nonprofits: Key Updates & Compliance Tips
The world of nonprofit accounting is evolving. And one of the most significant changes in is the adoption of the Current Expected Credit Loss (CECL) model. Originally designed for financial institutio ...
How to Build Operating Reserves to Protect Your Nonprofit in a Financial Crisis
In times of financial uncertainty, having operating reserves to protect your nonprofit is essential. These reserves act as a financial safety net, allowing your organization to continue its mission wi ...
The Secure 2.0 Act: A Game Changer for QCDs
The Secure 2.0 Act, a significant update to retirement and tax regulations passed in December 2022. It brought notable enhancements to Qualified Charitable Distributions (QCDs). More options are provi ...
Nonprofit Advertising and Sponsorship Tax Rules
Nonprofit organizations often rely on a variety of funding sources to support their operations. This often include donations, grants, sponsorships, and advertising. However, when it comes to sponsorsh ...
Managing Restricted Gifts for Nonprofits
Restricted gifts are donations given to a nonprofit with specific conditions or purposes set by the donor. Managing these restricted gifts is crucial to maintaining donor trust and complying with lega ...
How Nonprofit Retirement Plans Are Changing
Nonprofit organizations have long relied on specific retirement plans to help their employees prepare for the future. However, changes in regulations, economic conditions, and workforce dynamics are d ...
Restructuring a Nonprofit Organization
If you are looking for a way to increase outreach and consolidate resources, restructuring your nonprofit organization may be the key. Doing so can also help reduce costs for your organization. But t ...