Gross Mendelsohn Blog
A resource to help business owners, nonprofit executives and high net worth families preserve wealth, grow and thrive.
Between the merry-go-round of government changes, staffing shortages and a fluctuating financial market, many youth-focused nonprofits lack one of the most vital tools in securing their future–an endowment.
Share
If your organization is like many other youth-focused nonprofits, the generosity of donors is a huge source of funding for some, if not all, of your income. As a result, fundraising is always a top priority. Since child-focused nonprofits often compete for donor dollars and attention, how can your organization stand out in the crowd of nonprofits that help kids?
Share
Subscribe to our blog, and we'll send articles straight to your inbox when they're published.
High Net Worth Families | Nonprofit
A recent charitable giving report from Blackbaud Institute confirms that donations in the United States grew by 9% in 2021. This increase occurred for nonprofits of all sizes in all sectors, with 12% of charitable giving coming from online donations. This uptick in charitable giving is, of course, excellent news for youth-focused nonprofits. However, your organization can benefit even more when your staff members are equipped to educate potential donors about some key tax benefits of charitable giving – beyond a simple cash donation. To understand the big picture, let’s first dive into the reasons behind the increase in giving and then review two mutually beneficial donation strategies for taxpayers and nonprofits.
Share
Construction & Real Estate | Government Contractors | Healthcare | Manufacturing & Distribution | Nonprofit | Service Businesses
Business entities that sponsor employee benefit plans, and plan administrators with the responsibility for regulatory compliance of their benefit plans should take note. There are significant changes coming for 2021 employee benefit plan audits that will include new requirements for plan sponsors.
Share
Charity watchdog sites are often resources that current and future donors (as well as volunteers and employees) rely on to evaluate a nonprofit. An optimized, up-to-date profile on a watchdog site can serve as a differentiator for your nonprofit, especially if a donor is deciding between two similar organizations. That’s why it’s so important for your nonprofit to know the information reported about your organization on watchdog sites. The following are among the most popular charity watchdog sites that nonprofits should know.
Share
Donor support can have complex accounting requirements for private schools. This can lead to schools improperly recording certain types of donor support, which can result in misstatements or reclassifications. The following are just some of the most commonly overlooked or misstated areas of donor support in private school financial reporting.
Share
