Nonprofit organizations (NPOs) that serve low-income communities often have difficulty raising funds to pursue their missions. The COVID-19 pandemic made fundraising even more difficult. Many NPOs...

Planned gifts, also called legacy gifts or deferred gifts, is an agreement to give a donation at a later date and come in all shapes and sizes. Nonprofit organization can choose to offer simple...

One of the coronavirus relief options available for eligible not-for-profits is the Shuttered Venue Operators (SVO) Grant, created by The Economic Aid to Hard-Hit Small businesses, Nonprofits, and...

The Financial Accounting Standards Board (FASB) has released Accounting Standard Update (ASU) 2020-07, Not-for-Profit Reporting of Gifts-in-Kind. The purpose of the ASU is to improve GAAP reporting...

As the new paradigm of the global pandemic sets in, many not-for-profit organizations are pivoting to adapt and cope. Many organizations are making changes to their services, operations, and...

On May 5, 2020, the Government Audit Quality Center (GAQC), issued an industry alert No. 404 to professionals that serve organizations subject to Government Auditing Standards. Below are the two key...