In response to the financial impact of the COVID-19 pandemic, the CARES Act established the employee retention credit (ERC) to encourage employers — including nonprofits — to keep employees on the payroll. The credit has been expanded and increased for 2021, but it’s also not too late for eligible employers to amend their 2020 employment…
Tag: Sechler Morgan
When It Comes to Embezzlement, Your Response Matters
A quick Google search for the phrase “nonprofit embezzlement” turns up thousands of news stories about thefts, ranging from relatively small amounts to millions of dollars. Regardless of the size of the misappropriation, the way a victimized organization responds can make or break its reputation, fundraising results and, in turn, ability to pursue its mission….
Gifts to Donor-advised Funds Continue to Bloom
Fully understand these popular gifts before acceptance Donor-advised funds (DAFs) are flourishing, at a rate not observed before by fund followers. According to a 2018 report from the National Philanthropic Trust, “For the eighth consecutive year, there was growth in all key metrics: the number of individual donor-advised funds, total grant dollars from them, total…