While we may not know precisely when (or how) CEOs or not-for-profit leaders transition out or retire, we do know that their exit is inevitable. And while not every exiting leader may need or require an exit agreement, it’s beneficial to understand the reasons and planning required to negotiate it — ideally far ahead of the leader’s actual exit. The use of exit agreements occurs most often in four ways. Most aredrafted by an attorney working ... more
Archives for September 2018
USPS May Limit Marketing Mail to Paper Only – Comment by 10/22
Donor-based not-for-profit organizations have a short window to comment on a recent amendment being considered by the United States Postal Service (USPS) that could greatly impact their postage budget. The proposal would limit all USPS Marketing Mail, regular or not-for-profit, letter-sized or flat-sized; to content that is only paper-based/printed matter. No merchandise or goods of any type would be allowed in these mailers, regardless of ... more
Increases in OMB Uniform Guidance Procurement Thresholds
By Cathy Hwang, CPA By now, all organizational recipients of federal funds or grant awards should have familiarized themselves with changes to the Uniform Guidance, issued at the end of 2014 through the Office of Management and Budget (OMB). The grace period for enhanced procurement compliance has ended, and affected organizations need to ensure that their contracts and processes are up to date. For any procurements after June 20, 2018, there ... more