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Gross Mendelsohn Blog

A resource to help business owners, nonprofit executives and high net worth families preserve wealth, grow and thrive.

4 Tips to Create Your Nonprofit’s First Succession Plan

Losing your nonprofit’s executive director is a lot like losing your trail guide in the middle of the forest – slightly terrifying, completely disorienting and leaving you wishing you’d spent more time watching which turns your guide had made along the...
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4 Fundraising Questions Every Nonprofit Should Know the Answer to

When it comes to fundraising, nonprofits have a lot of questions. In a webinar we hosted with nonprofit fundraising expert Vince Connelly of Connelly & Assoc. Fundraising, LLC, we received several questions from nonprofits with concerns about all too...
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6 Reasons Why It Makes Sense to Outsource Your Organization’s Accounting Function

Even as a CPA firm, we’re not above admitting that while the accounting function is incredibly important in any organization, it is often time consuming and gets in the way of more exciting revenue-generating business initiatives. If, as a business...
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Fraud in Focus: How Jonathan Schwartz Embezzled $7 Million

I recently read a letter published by former business manager, Jonathan Schwartz. “I am writing this open letter to you,” he said, “so that you can learn from my mistakes and never find yourself in the situation I am now in.” Schwartz recently pled...
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Room for Improvement: 3 Essential Areas Nonprofits Should Focus On

No matter how successful your nonprofit is, there is always room for improvement. Nonprofits are businesses, and as such, are expected to operate as efficiently as their private sector counterparts despite having less resources, staff and funds to get...
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5 Reasons Why Every Nonprofit Needs a Strategic Plan

Strategic planning is one of those activities most nonprofit leaders know is important, but don’t always make the time for. Let’s face it – with limited resources, you often have to decide whether to put out today’s fires or plan for the future. We’ve...
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