Industry: Not-for-Profit

Every not-for-profit has a story worth protecting. While daily operations and program delivery often take center stage, implementing strategic risk assessment practices can transform your organization's ability to serve and grow. Understanding and managing different types of risk isn't just about compliance – it's about building a stronger foundation for your mission. 

As a not-for-profit leader, you're passionate about your mission. You're changing lives, improving communities, and making the world a better place. But here's a curveball you might not have seen coming - when it comes to taxes, your not-for-profit might have more in common with for-profit businesses than you think. 

Fundraising is the lifeline of not-for-profit organizations, from small community groups to large foundations. While securing initial donations is crucial, the real challenge often lies in donor retention—transforming one-time gifts into regular contributions and increasing giving over time. The key to long-term donor relationships? Engagement. 

Accountability stands as a cornerstone principle, essential for maintaining trust with donors, stakeholders, and the broader community in any not-for-profit. At the heart of ensuring this accountability lies audits and reviews, critical processes that provide transparency and uphold financial integrity.

Written policies aren't just paperwork – they're your organization's backbone. They protect everyone involved: your organization, board members, staff, and volunteers. Regularly reviewing these policies ensures they stay relevant and effective. Remember, it's about the process, not the people. When examining procedures, focus on objective standards that best protect your organization's interests.

Effective fundraising is critical for many not-for-profit organizations to fully fund their programs and execute the mission. But how do you know if your fundraising efforts are effective, and you are using the best strategy? Analyzing key fundraising metrics can provide valuable insights to help you optimize your approach and get the most out of your fundraising investments.

Efficiency and efficacy are necessities for survival and growth in not-for-profit organizations. As technology advances, artificial intelligence (AI) emerges as a powerful ally in enhancing these aspects. Not-for-profits, often strapped for resources, stand to gain significantly from integrating AI into their workflows.

Betting on sports, especially around big events like the Super Bowl, college football rivalries, or college basketball's March Madness tournament, has become a staple in many workplaces, including not-for-profits. They're seen as a fun way to engage employees and foster a sense of community. They’ve even been used as a fundraiser for some organizations – and you may be considering this approach for your organization. However, before you agree to this creative fundraising approach, you should know that beneath the surface of these seemingly harmless activities, there are potential risks that nonprofit organizations need to know.

In a world increasingly driven by technology, cyber risks have become a formidable adversary for organizations across all sectors. However, when it comes to cyberattacks, one sector stands out as a prime target – nonprofits. We'll delve into the why and how of cyber risk management for nonprofits, exploring the challenges you may face and solutions to protect your mission-driven work.

Most charitable gifts are given directly via cash or check. However, there are better ways depending on your charitable goals that can lead to higher tax savings.