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9 Best Practices for Strong Nonprofit Financial Management

sgEngage

The laws—and the trust of your donors and funders—say so. Nonprofit financial management also includes the structures and workflows that enable your finance team to operate efficiently and effectively. You will always get the grant and donors will never churn. Smart money moves are vital for nonprofits.

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Advancing Equity in Philanthropy with Resolve and Resilience: A Call to Action

sgEngage

The existential need for philanthropy indicates that structures exist that fail to meet basic human needs. Even though laws and structures are often driven from the top down, it is a combination of top-down leadership and grassroots movements that create sustainable change.

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What grantmaking practices should foundations adopt to best support nonprofit organizations?

ASU Lodestar Center

Foundation leaders need to understand how grantmaking practices affect nonprofit organizations and structure grantmaking practices in ways that best support nonprofit organizations. Mowrer’s Grant-seeking Challenges highlights that funder practices and requirements are considered one of the greatest challenges for grant-seekers.

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5 Key Software Compliance Questions to Strengthen Your Approach

sgEngage

Every organization, no matter your mission, function, or size, is subject to a variety of laws and standards intended to protect the individuals you engage with. Software compliance is critical guide to ensuring that you are following these laws and standards in a digitally driven world. How will you help us navigate future change?

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Research Friday: Legal Structure Alternatives to Lead Social Change

ASU Lodestar Center

inform and improve day-to-day nonprofit practice. He suggests that all social entrepreneurs should balance the following four factors when deciding on a legal structure for their venture: Motivation: how strong is our motivation for a social mission vs. making a profit? As part of a. For example, Arizona Home Improvement, L.L.C.

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Four Lessons From Candid About Balancing Grantee Data Protection and Transparency

sgEngage

In some cases, we’ve made these changes in response to specific requests from funders that have shared grants data with us. While it focuses specifically on grants data, many of the lessons are applicable to other data types as well. Have Cybersecurity Policies and Practices in Place. Define the Nature of the Risk Involved.

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What Every Nonprofit Needs to Know About Financial Audits

sgEngage

Audits are highly relevant to your nonprofit accounting practices. Effective accounting practices year-round are the key to a smooth audit process for your nonprofit organization. . That’s why you’ll need to see if you’re required by funders or by law to conduct a financial audit for your organization. . Write an RFP.