Nonprofits: Be Wary of Restricted Gifts

Donor-imposed restrictions on gifts can handcuff a nonprofit, as many have learned during the COVID-19 pandemic. A new academic study of national arts and culture organizations, “Service Delivery Under Pressure: The Effect of Donor Imposed Financial Restrictions,” published in the journal Public Performance & Management Review in 2021, suggests how well-intended restrictions could backfire when…

Are You Prepared to Accept Cryptocurrency Gifts?

When cryptocurrencies first came on the scene, they were widely viewed as a fringe development, primarily of interest to nerds, doomsday preppers and criminals. Now they’ve moved closer to the mainstream, even prompting the IRS to add a question to its Form 1040 about transactions with virtual currencies. As more individuals and businesses have begun…

Majority of Nonprofits Worldwide Report Donation Decline

A survey conducted by CAF America, a global nonprofit grant-making organization, found that 73% of the 880 organizations in 122 countries queried have seen a decline in contributions due to the COVID-19 pandemic. Half of those surveyed from April 30 through May 6, 2020, indicated that they expect to see revenue decline by more than…