Beyond Grants: Emerging Funding Strategies for Nonprofits
As traditional grants become harder to secure—due to government funding freezes, payment delays, and increased competition for private funds—many nonprofits are seeking new revenue sources. This article highlights alternative funding strategies, including social media fundraising campaigns, investment income, strategic partnerships, and fee-based programs, to help organizations remain sustainable as grant opportunities decline.
Managing Staff Rumors About Your Nonprofit’s Financial Condition
With funding cuts, fluctuating donations, and economic uncertainty squeezing nonprofit budgets, employee anxiety is understandable. But unchecked rumors about financial stability can do real damage. This article explores how nonprofit leaders can address concerns honestly, communicate clearly, and maintain staff confidence—even when the future feels uncertain.
Pinched Nonprofits May Want to Free up Board-Designated Assets
Board-designated assets are often set aside for specific purposes—but unlike donor-restricted funds, they can be reallocated when financial pressures arise. For nonprofits facing budget constraints, these assets may offer much-needed flexibility. This article explains how board-designated funds work and when and how these designations can be removed.
How To Keep Cost Cutting From Increasing Fraud Risk
Budget cuts can unintentionally weaken a nonprofit’s defenses against fraud if internal controls are scaled back too far. At a time when financial pressure and opportunity for misconduct may be higher, maintaining strong oversight is critical. Here are tips for strengthening policies and procedures to prevent occupational theft.
Dannible & McKee, LLP has been providing audit, tax and strategic advisory services to clients nationwide since 1978. The hallmark of our firm is our technical expertise, depth of experience and approach to delivering quality service to our clients. We specialize in helping nonprofit organizations operate more efficiently and effectively, and we are well-versed in the unique accounting principles and board governance issues that apply to them. Our full-service accounting services department offers various services to nonprofit organizations, including payroll tax reporting, bank reconciliations, general ledger maintenance and preparation of monthly, quarterly and annual financial statements.
