Arts & Cultural Articles
Importance of Data Protection for Nonprofit Organizations
Posted by Jill Johnson on April 09, 2025
There is a critical need for nonprofits to safeguard the privacy of donors, staff, clients, and volunteers to avoid legal and reputational risks. This article highlights that implementing strict data protection policies can foster trust among stakeholders, prevent operational disruptions, and maintain the integrity of the organization's mission.
Best Practices for Grant Management: Strengthening Internal Controls
Posted by Elizabeth Krause on March 13, 2025
Effective grant management is critical for organizations to ensure compliance, financial integrity, and operational efficiency.
Financial Red Flags for Nonprofit Board Members
Posted by Amina Diallo on March 12, 2025
Nonprofit board members must closely monitor their organization's financial health, especially during times of economic uncertainty. Key warning signs include unexplained financial variances, unusual spending patterns, and inconsistent financial statements. Identifying and addressing these issues is crucial to maintaining the nonprofit's ability to fund essential programs and continue operating.
Supreme Court Ruling on Federal Funding Pause: Key Considerations for Nonprofit CFOs
Posted by Sarah Hopkins on March 07, 2025
Recent developments from the U.S. Supreme Court have significant implications for nonprofit organizations that rely on federal funding.
Effective Strategies for Nonprofits to Reduce Expenses Without Cutting Staff
Posted by Elizabeth Krause on March 04, 2025
Nonprofit organizations can reduce expenses without cutting staff by investing in technology, leveraging partnerships and shared services, and optimizing business operations and vendor contracts. Additionally, focusing on employee development, utilizing volunteers, and implementing eco-friendly practices can lead to significant cost savings while maintaining the organization's mission and morale.
Understanding the NIH’s New Indirect Cost Rate Policy: What Nonprofit and Higher Education CFOs Need to Know
Posted by Sarah Hopkins on February 28, 2025
The National Institutes of Health (NIH) has announced a major policy change that will significantly impact universities, research institutions, and nonprofits receiving federal research funding (Research Institutions).
OMB’s Temporary Pause on Federal Financial Assistance: Detailed Implications for CFOs
Posted by Robert Torella on February 21, 2025
In a significant development affecting federal funding, the Office of Management and Budget (OMB) issued Memorandum M-25-13 on January 27, 2025, directing a temporary suspension of obligations and disbursements of federal financial assistance.
Managing Leadership Transitions in Nonprofits: The Role of Exit Agreements
Posted by Sarah Hopkins on December 24, 2024
Exit agreements are essential for nonprofit organizations to manage leadership transitions smoothly and fairly. These agreements, developed by the board of directors, outline the terms of a leader's departure, focusing on compensation and the ongoing relationship with the organization.
BDO Nonprofit Standard Newsletter | Fall 2023
Posted by Sarah Hopkins on October 23, 2023
Take a look inside the Fall 2023 Nonprofit Standard Newsletter.
BDO Nonprofit Standard Newsletter | Summer 2023
Posted by Sarah Hopkins on August 11, 2023
Take a look inside the Summer 2023 Nonprofit Standard Newsletter.