There are two trust types that don’t require one or more human beneficiaries: charitable trusts and noncharitable purpose (NCP) trusts. A charitable trust is the more common of the two, but an NCP trust could also be a formidable tool to help achieve your estate planning goals. Defining an NCP trust Historically, trusts were required […]
Category: Donation
Your Nonprofit May Have A License To Print Money
In this pandemic year, many not-for-profits are scrambling to find new sources of revenue to replace donor contributions and other lost income. If this sounds like your charity, you might want to consider licensing your name and brand to a for-profit business. Ensuring success When licensing arrangements work, both charities and companies can experience significant […]
Should You Reach Out To “Effective Altruists?”
Effective altruism is commonly described as a philosophy that uses evidence and reasoning to determine the most effective ways to benefit others. Not all donors are aware of effective altruism, but the concept is growing in popularity. To determine whether your not-for-profit should try to reach out to its adherents, learn a little more about […]
Nonprofit Observer – Fall 2020
The Fall issue of the Nonprofit Observer is out and full of great information! Here’s a brief glance at what you’ll find in the Fall issue… Reduce your costs to cope with COVID-19 Audit prep: 6 ways to save time and money Corporate matching programs: Still popular after all these years FASB proceeds with guidance […]
A Win-Win Proposition: A CRT Can Benefit You And Your Favorite Charity
Are you a multitasker? If so, you may appreciate an estate planning technique that can convert assets into a stream of lifetime income, provide a current tax deduction and leave the remainder to your favorite charity — all in one fell swoop. It’s the aptly named charitable remainder trust (CRT). A CRT in action You […]