Educational Institutions Articles
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.