|
Menu
Our client portal will be unavailable from 9PM MST, April 26 until 9PM MST April 28th due to a scheduled maintenance.
Office alert – Friday March 15th, 2024.
Due to the road conditions, majority of our staff will be working remotely today.
We want you to be safe, we have a drop off at COS on 3rd floor. If you are planning to come by the Denver and Springs office please make contact with your SKR contact first.
Our client portal will be unavailable from 9PM MST, April 26 until 9PM MST April 28th due to a scheduled maintenance.
Office alert – Friday March 15th, 2024.
Due to the road conditions, majority of our staff will be working remotely today.
We want you to be safe, we have a drop off at COS on 3rd floor. If you are planning to come by the Denver and Springs office please make contact with your SKR contact first.
|
Overseeing a nonprofit’s endowment fund is one of the most important roles for the board of directors. A strong investment committee, made up of board members and staff, will not only ensure the continued health of the endowment and the organization but also attract other donors looking for good stewards for their contributions. As this article explains, effective endowment management lies in sound policies regarding investment, allocation, spending, and performance monitoring. A sidebar addresses required financial statement disclosures.
When a nonprofit sets the salary for an executive director or other individual key to the organization, the board of directors wants to make sure it’s paying what’s necessary to attract or retain the most qualified, capable individual for the position. But that’s not the only consideration that should be on the radar screen. IRS regulations prohibit 501(c)(3) and 501(c)(4) organizations from engaging in an “excess benefit transaction” with a “disqualified person.” This article explains those terms and the steps that charitable organizations should take to be sure that compensation is “reasonable” by IRS standards.
In this issue, “Newsbits” discusses a recent study showing that online giving is on the increase. It also notes how several states are testing the waters of Pay for Performance (PFP) contracts with social services nonprofits, and looks at the Silicon Valley’s “accelerator” Y Combinator, which is now helping launch nonprofits involved in areas such as public health, microlending and education.
