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Loose Nonprofit Network Feeds Hungry, Testing Business Models...

On-the-job training is a standard in the restaurant business. The challenge for Jeff Williams at the Taste Project, a nonprofit restaurant in Fort Worth, Texas, is that 80 percent of those working on a day-to-day basis are volunteers. The gauntlet is “retraining 30 to 40 percent of the staff every day,” he said. Taste Project […]

Nonprofit Comp Target Of New IRS Interim Guidance...

The partial federal government shutdown, which includes the U.S. Department of Treasury and the Internal Revenue Service (IRS), did not stop the IRS from issuing interim guidance on compensation of nonprofit employees and when an organization can get hit with penalties. The interim guidance targets Section 4960(a) of the Internal Revenue Service Code. The IRS […]

Members Of Congress Opening Wallets During Closed Government...

The ongoing partial federal government shutdown could be a boon to some charities. Several members of Congress have pledged their salaries to charities during the shutdown. A member of the U.S. House of Representatives or U.S. Senate typically earns $174,000 per year (which works out to about $725 per day, based on a five-day work […]

Blackbaud Buys YourCause For $157 Million...

Blackbaud has purchased corporate social responsibility and employee engagement software YourCause for approximately $157 million. The acquisition closed yesterday. Charleston, S.C.-based Blackbaud will continue to offer YourCause as a stand-alone solution and its 155 employees will transition to Blackbaud, including Founder and CEO Matthew Combs. The Plano, Texas-based Software as a Service (SaaS) provider of […]

TechSoup Lands $4 Million Loan, Launches Public Offering...

TechSoup, a leading nonprofit facilitator of technology solutions to non-governmental organizations (NGOs) globally, has secured a $4-million loan from Nonprofit Finance Fund (NFF) to support expansion of its global distribution network to bring software, hardware, services, and content to civil society organizations. The organization is also launching a Direct Public Offering (DPO) where investors can inject as little […]

FASB Proposes Update To Nonprofit Accounting Rules...

The Financial Accounting Standards Board (FASB) set a Feb. 18, 2019 deadline for comments on a proposed accounting standards update (ASU) on how nonprofits handle goodwill and measure some intangible assets. The update is titled “Intangibles — Goodwill and Other (Topic 350), Business Combinations (Topic 805), and Not-for-Profit Entities (Topic 958) Extending the Private Company […]

Canadian Mail Strike Backs Up Holiday Appeals, Donations...

Canadian charities approached their busiest time of year with an added challenge: a series of rotating strikes by Canada Post that started in October, delaying mail across the Great White North by almost 30 days. The postal union’s rotating regional strikes ended early this month after being legislated back to work, according to CBC, but […]

Nonprofits Unimpressed With Facebook’s Civil Rights Audit...

Facebook released a civil rights audit of the platform the day after 32 nonprofits wrote a letter, also released to the public, protesting the social media giant’s “role in generating bigotry and hatred toward vulnerable communities.” The organizations say that despite in some cases years of engagement with Facebook, “civil rights, privacy and safety problems” […]

Putting The “Crowd” In Crowdsourcing...

Just like your Thanksgiving plate is more than just turkey, your fundraising is comprised of more than just individual donations. Diversifying your fundraising with crowdfunding provides the “fixings” for your holiday plate and revenue growth for your organization. At a recent fundraising conference in Washington, D.C., panelists shared their experiences and successes in crowdfunding. Here […]

Trump Foundation Agrees To Dissolve...

The Donald J. Trump Foundation has agreed to dissolve under the supervision of the New York Attorney General’s Office. The foundation would distribute its remaining assets within 30 days. “Today’s stipulation accomplishes a key piece of the relief sought in our lawsuit earlier this year,” Attorney General Barbara Underwood said via a press release announcing […]