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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.

5 Types of People You Need On Your Nonprofit’s Board of Directors

One of the most misunderstood components of any nonprofit organization is the board of directors. Nonprofits typically base board member selection on two things: the candidate’s interest in the organization’s mission and the size of the candidate’s...
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Audited Financial Statements for Construction Companies: Are They Necessary?

Under current accounting rules, accountants are allowed to prepare compiled, reviewed and audited financial statements. Each service provides a different level of assurance, and as you move up the level of assurance, the cost to the business owner...
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5 Strategies to Diversify Concentrated Stock Positions

Business owners and executives pour their hearts and souls into building a successful company. Often their hard work and dedication pays off, quite literally, with the sale of the business to a publicly traded company. Those corporate executives and...
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Divorce and Income Determination: Forensic Accounting to the Rescue

As a matrimonial attorney, you know better than anyone that divorce can bring out the worst in people. Despite their best efforts to work amicably, divorcing husbands and wives often end up being less than forthcoming.
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How to Set (and Meet) the Perfect Fundraising Goal for Your Nonprofit’s New Endowment

After you’ve allotted the time and resources to ensure that your nonprofit is ready for an endowment, the next question you must answer is: how much money do we raise? This decision, like many choices in business, comes down to your organization and...
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The Top 2 Factors to Consider When Establishing an Endowment for Your Nonprofit

I recently hosted a webinar on best practices in nonprofit endowment management. Afterwards, I received an all too common question from a nonprofit executive who had been considering an endowment for her organization — how do I know if and when my...
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