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06 Nov

A Fresh Look at Donor-Advised Funds: What Every Nonprofit Should Know

Nonprofits and Donor-Advised Funds | Spire Group, PC Donor-advised funds (DAFs) are growing in popularity, so it’s important that nonprofit leaders familiarize themselves with how to use DAFs as a funding source. A recent report from the National Philanthropic Trust (NPT) estimates that nonprofit contributions from DAFs increased nearly 10 percent between 2015 and 2016. […]

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18 Oct

5 Ways Nonprofits Can Offset Loss of Deductions

5 Ways Nonprofits Can Offset Loss of Deductions | Spire Group, PC Because of the enactment of last year’s Tax Cuts and Jobs Act, fewer taxpayers will use itemized deductions on future tax returns. Although this could mean a reduction in charitable giving, your nonprofit may have options for mitigating any potential revenue loss from […]

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12 Sep

How Nonprofits Can Use Internal Audits to Mitigate Risk

Nonprofits Can Use Internal Audits to Mitigate Risk | Spire Group, PC Whether it’s to comply with state laws or provide contributors with financial statements, internal audits are critical for nonprofit organizations to verify the accuracy of their records, prevent the misuse of funds or assets and even identify strategies for improving operations. Internal audits […]

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05 Apr

Building a Stronger Internal Audit Function

In recent years, nonprofits have been the target of increased scrutiny over governance, accountability and compliance.  Despite this, many organizations dismiss the importance of their internal audit functions. This isn’t a wise move. All nonprofits face heightened expectations from regulators and the public, as well as an ever-expanding field of risks. Even though your budget […]

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