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Reply To: Blog: Rethinking Perpetuity -Resetting Endowment Expectations after the Pandemic
The world of endowments can sometimes feel like trying to understand quantum physics. This piece makes a strong case for flexibility over the traditional idea…
Reply To: Article: Accounting as a Tool for Legitimization of Nonprofit Organizations
Mark, thanks for sharing this. It is an interesting look at how accounting can influence an organisation’s reputation and perceived legitimacy. The section on the…
Reply To: Nonprofit Profit Reserves: The Real Deal – Reflection
It was a real trial by fire, was it not? Many organisations without reserves had to scramble for survival, often relying on bridge loans or…
Reply To: Webinar attendee Sue asked: If a grantor does not specify when multi-year …
It is a tricky situation, and the answer is probably a definite maybe. If the grantor is silent, you need a reasonable spending schedule that…
Reply To: Private: Employee Retention Credit
Getting your head around the ERTC can feel a bit like having a first date with the tax code. The webinar sounds like a wise…
Reply To: from Lisa who would like to know about crediting DAF gifts
Ah, the classic DAF attribution puzzle. Many organisations get caught up in this, and it can feel like navigating a labyrinth. If you credit the…
How do you capture obligations when a new grant award arrives?
I saw the recent discussion here about post-award grant reporting. I’m trying to understand a narrower step that happens earlier: when a new award arrives,…
Reply To: Your input is invaluable to us!
Thank you for asking. Restricted fund accounting is one topic I would put near the top of the list, especially when an organisation is juggling…
Reply To: Change Payroll Schedule
That is a tricky one. Paying staff every two weeks can be convenient, particularly where there are hourly employees, but it also means two additional…
Reply To: The offer of a $1/year lease – are there any downsides?
The main risk is that these unusually favourable arrangements can disappear when local politics or budgets change. An organisation could then face the rather awkward…