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Endowments: Long-Term Funding for Nonprofits

When should a nonprofit establish – and maintain – an endowment?  The term “endowment” typically refers to funds set aside, either internally within a nonprofit or externally through a separately-created entity for the charity’s benefit. Whether internally maintained or separately developed,…

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Nonprofit Financial Controls

Is your nonprofit at risk for fraudulent financial activity? Nonprofit organizations tend to be more trusting of their employees, have less resources devoted to administrative costs, and have less stringent financial controls than for-profit organizations. They are more likely to be victims…

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