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Live From AICPA: NPO Auditing, Accounting Of Cryptocurrency

June 21, 2018       Andy Segedin      

National Harbor, Md. — Your thoughts on blockchain technology might vary based on the front page of your daily paper. Some of the most recent applications of blockchain include a mobile-payment initiative by the Bill & Melinda Gates Foundation for areas in the world with limited access to traditional financial intermediaries; elections for overseas military as recently tested by officials in West Virginia; and, charitable donations of cryptocurrency — one of the most common implementations.

Study estimates 4 percent drop in giving this year

June 20, 2018       Mark Hrywna      

Household charitable giving could drop 4 percent this year as a result of the Tax Cuts and Jobs Act (TCJA), primarily because of more high-income taxpayers claiming the standard deduction, according to the latest projections.

Twitter Offers Opportunity To Show Expertise

June 19, 2018       THE NONPROFIT TIMES      

National Harbor, Md. — Anyone can be the authority of a field of expertise, if only for seven minutes. That’s the power of Twitter, according to Liz Rock, associate manager — enterprise social media for the Association of International Certified Public Accountants.

People Who Give Do It Often, Survey Shows

June 18, 2018       THE NONPROFIT TIMES      

Donors are giving to multiple organizations and are giving to their favorite organizations with increasing regularity. Half (50 percent) of all donors give to two or three charities and the rest are more likely to give to four or more causes (29 percent) than just one (21 percent).

Salesforce.org Launches Nonprofit Cloud-Based System

June 15, 2018       Andy Segedin      

Salesforce.org, the philanthropic arm of the San Francisco, Calif.-based tech company, has unveiled Salesforce.org Nonprofit Cloud. The product is more robust than the company’s existing nonprofit customer relationship management (CRM) platform, including fundraising, programs-management, and constituent-engagement capabilities, according to the firm.

NYAG Sues Trump Family And Foundation

June 14, 2018       Andy Segedin      

A lawsuit seeking $2.8 million in restitution plus additional penalties was filed against the Donald J. Trump Foundation and its directors by the New York Attorney General’s office today. The foundation’s directors refer to President Donald J. Trump and three of his children: Donald J. Trump, Jr., Ivanka Trump, and Eric Trump. The lawsuit also seeks to dissolve the foundation under special court supervision.

Community Brands Buys Deeper Into Nonprofit Events Market

June 14, 2018       Paul Clolery      

The buying flurry continues for Community Brands, today announcing the acquisition of event technology firm Expo Logic. It’s the 20th addition since its formation in April 2017.

Survey: Organizations Face “Starvation Cycle”

June 13, 2018       Andy Segedin      

It is the ambition of many nonprofit executives and board members to grow their organizations — more revenue, more programming, and more constituents served. Heavy lies the crown, however, according to a new survey conducted by The BDO Institute for Nonprofit Excellence. Larger organizations tend to face greater liquidity challenges and are more likely to maintain a lower level of reserves as compared to moderate-sized organizations.

Buffalo Churches Victims of Grant Writing Scam

June 13, 2018       NPT Staff      

Church clergy and community leaders in the Buffalo, N.Y.-area have faced a series of unpleasant surprises since last summer. Organization leaders have embarked on numerous capital and other projects with the understanding that they were being supported by grant funding, only to find out later that such grants were never awarded or even sought by a supposed grant writer.

Mega Gifts Boost Giving Past $410 Billion

June 12, 2018       Mark Hrywna      

Giving to tax-exempt organizations in the United States last year grew by more than 5 percent to $410.02 billion – eclipsing $400 billion for the first time ever – riding a wave of a strong stock market and the philanthropic response to a series of natural disasters.