Tips for Charities

Acknowledging Donors – More Than Just Common Courtesy

Maintaining good donor relations should be a priority for every charity. Ensuring donors are able to take a tax deduction for their donations is fundamental to maintaining good relations. Donors must have a record of their charitable contributions to claim a tax deduction. The record can be a bank record or a written acknowledgement from the charity. For any single donation… View Article

Posted in Donor Relations, Tips for Charities on May 31, 2017

Can We Vote by Email?

In a word, no, but you can use email to make some board decisions as long as there is agreement among all of the organization’s directors.  You can still get things done between meetings if you have an engaged and responsive board of directors. Oregon Revised Statute 65.341 » allows for corporate action without a board meeting if each and… View Article

Posted in Meetings and Voting, Tips for Charities on May 31, 2017

Do You Know Where Your Bank Statements Are?

If you’re like me, you’re saying, “Yeah, they’re somewhere in the cloud.” While that may work just fine for the average consumer, it’s problem for nonprofit organizations and for fiduciaries seeking to fulfill their duties. So why is it so important to download or print your electronic bank statements? It’s the Law Under Oregon law, nonprofit corporations must “maintain appropriate accounting… View Article

Posted in Record Keeping, Tips for Charities on May 31, 2017

Trust Is Not an Internal Control

Almost every time we tell a board of directors that an employee or volunteer has embezzled from a nonprofit, we hear some variation of, “How could this have happened? We trusted her!” Well, it happened because you trusted her. Embezzlers don’t get away with it by acting suspiciously; they get away with it by building—and… View Article

Posted in Internal Controls, Tips for Charities on April 14, 2017