Nonprofit Records Retention Policies
Whether your organization is creating or updating its records retention policy, make sure you know how long to keep dozens of different documents, plus learn tips for creating an effective policy.
UBIT Primer for Exempt Organizations
Exempt organizations may be subject to extra taxes on certain income-generating activities. Many don’t fully understand the rules on unrelated business income, and could be unknowingly putting their organization at risk with the IRS.
Ways to Give Back: Alternatives to Establishing a Nonprofit
Individuals considering starting their own nonprofit may be underestimating the cost and complexity to operate a sustainable organization. There are alternatives, like working with an existing nonprofit, creating a donor-advised fund, and other options.
Not-for-Profit Document Retention Policies and Guidelines
Document retention policies are a necessary part of nonprofit management, but not everyone knows how to go about file storage. Now that organizations are back in the office, it’s an excellent time to review their document management strategy.
New Inclusive Employment Practices in Virginia
Governor Youngkin’s announcement in May provides an alternative hiring process for individuals with disabilities, part of a larger discussion about inclusive hiring practices. Which state agencies are affected and how can they comply?
Not-for-Profit Investment Policy Statements: Little Changes, Big Impact
Sometimes, a not-for-profit's investment performance isn’t what it should be. Looking at the Investment Policy Statement and identifying corrections can help to improve fund performance and help to ensure investment returns meet their objectives.
Virginia School Tax Credit Program Offers 65 Percent Tax Credit to Individual and Business Donors
Virginia’s tax credit education scholarship program saw its funding fully restored in the new state budget. The EISTC program allows eligible donors to claim a 65% tax credit against five state taxes.
Not-for-Profit Investment Policy Statements: Benchmarking Best Practices
Investment Policy Statements dictate how a nonprofit’s investment program operates. How is performance measured? Learning how to benchmark and measure success and organize the investment committee helps to ensure investment committee members satisfy their fiduciary duties.
Not-for-Profit Investment Policy Statements: Why They Need Review
Every not-for-profit manages funds, but not every organization has an established and well-documented Investment Policy Statement. Learn how the investment committee can review the IPS and safeguard against unnecessary investment risk.
COVID-19 Reopening Guidance for Virginia Nonprofit Organizations
Many not-for-profits have had an uphill battle since COVID-19 shut down offices and restricted travel.