News & Articles

Sage Acquires Intacct For $850 Million

July 25, 2017       Mark Hrywna      

Sage will expand its cloud financial management footprint in North American with the acquisition of Intacct for $850 million in cash and options. Intacct will be known as Sage Intacct after the transaction is completed, which is expected within weeks subject to customary completion conditions.

Passion Boosting New Major Gifts

July 25, 2017       Andy Segedin      

The development staff members at the University of Oregon cast their lines for bigger fish at the start of the university’s current fundraising campaign which began in 2010. For the university’s previous campaign, the development staff had set out to raise $600 million and wound up with more than $850 million.

6 Ways To Entice Millennial Donors

July 18, 2017       THE NONPROFIT TIMES      

They’re here. Millennials gain prominence in society and commerce each year, making them an attractive population to help expand and diversify your organization’s donor base. What remains elusive, however, is how to attract this sect of donors, larger in number than Baby Boomers, after years of focusing on predominantly older donors — those who tend to be the most likely to give.

The Light Of Public Scrutiny Burns Bright

July 17, 2017       Andy Segedin      

Whether you like it or not, your organization is not immune from the kind of scrutiny concerning organizational expenses that Wounded Warrior Project was slammed with in 2016. Here’s the key question organization leaders have to ask themselves, according to Lou Mezzina, retired partner at KPMG LLP: If that scrutiny comes, are you ready for it? During the session, “Expense Allocations and the New ASU” at the American Institute of Certified Public Accountants (AICPA) Not-For-Profit Conference in National Harbor, Md., Mezzina discussed “the overhead myth” and the need to properly document organization expenses. Mezzina opined that, given the differing complexity and level of staffing and working necessary to achieve missions from organization to organization, expense ratios are given too much focus. The problem with pivoting too far from organization expenses, he said, is that it hurts fundraisers who depend on being able to tell donors that “90 percent of contributions go to mission.”

Young Nonprofit Executives Seek Accessible Training

July 13, 2017       Andy Segedin      

Jamie Smith isn’t just the executive director of Young Nonprofit Professionals Network (YNPN), she’s a member. When she first joined the network’s Chicago regional office in 2009, she – like many in the sector – found herself underpaid and underdeveloped. Now she’s leading the organization’s mission of connecting young, emerging leaders with resources, professional development and ideas.

Deeper Pyramid For Donor Prospect Management

July 11, 2017       Andy Segedin      

Imagine being a carpenter and, each day of your 20-year career, knowing that you drive in a nail with a hammer. Now imagine that, one day, the hammer no longer works for you. Fundraisers are currently experiencing a similar sense of bewilderment with new donor behaviors and trends changing the landscape of giving.

A Millennial’s First Day At Your Nonprofit

July 10, 2017       Andy Segedin      

Imagine that a Millennial is arriving today for the first day on the job at your organization. It’s their first full-time job. If given only a sentence to provide them advice for the rest of their professional career, what would you tell them? The answer largely depends on your generation.

N.J. Caps Reserves Of Nonprofit Health Insurer

July 5, 2017       Andy Segedin      

Nonprofit health insurer Horizon Blue Cross/Blue Shield of New Jersey made it through New Jersey officials’ 25th-hour state budget deliberations over the holiday weekend – but not completely unscathed. The insurer, which services 3.8 million New Jersey residents, will have its surplus capped by new legislation but state officials will be unable to, as initially planned, stick their hands into the cookie jar to fund statewide initiatives.

N.J. Moves Against Nonprofit Health Organizations’ Reserves

June 27, 2017       Andy Segedin      

Revenue surpluses maintained by nonprofit health insurers in New Jersey are potentially up for grabs in legislation pushed by Gov. Chris Christie who is eyeing $300 million of Horizon Blue Cross/Blue Shield of New Jersey’s reserve to fund major portions of his anti-opioid initiative.

GuideStar Pulls Hate Group Designations After Threats

June 27, 2017       Andy Segedin      

Growing harassment and threats directed toward leadership and staff have led watchdog database GuideStar to remove its flagging of 46 suspected hate groups as defined by the Southern Poverty Law Center (SPLC) — at least for the time being. The removals will take place this week.