Month: November 2018

Tax Planning: Are Bundled Gifts One Answer for Donors?

According to a recent article in Forbes by sponsored content provider, Forbes Nonprofit Council, financial advisors are having their clients consider bundled gifts to their favorite charities or donor-advised funds every few years rather than annually. The idea is that a more substantial amount given every three to five years will cause their itemized deduction

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Managing the Influence of Donor-Advised Funds

To what extent should donor-advised funds influence the mission and outcomes of not-for-profit organizations? This question is part of a larger debate about what some are calling “The New Gilded Era” of philanthropy: although levels of giving are way up, the gap between rich and poor is expanding. In a recent article in The New

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Consolidating Financial Statements Took Nonprofit Developer “to Next Level”

In the fall of 2015, Mutual Housing California leadership had a decision to make. The Sacramento-based developer and advocate of sustainable, affordable housing had grown beyond the capacity of its existing CPA firm. Lindquist, von Husen & Joyce, LLP (LvHJ) stood out for several reasons, according to Julie Goldfine, CPA, Mutual Housing California Chief Financial

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Long Term Partnership for Bay Area Developer and CPA Firm

The relationship between Resources for Community Development (RCD) and Lindquist, von Husen & Joyce, LLP (LvHJ) goes way back. So far in fact, that Kate McKean, Controller for RCD, doesn’t recall a time without LvHJ by their side. The Bay Area developer of sustainable, affordable housing has been an advocate for seniors, low wage working

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Make Your Nonprofit’s Accounting Function More Efficient

How efficient is your not-for-profit? Even tightly run organizations can use some improvement — particularly in the accounting area. Adopting the following six tips can help improve timeliness and accuracy. Set cutoff policies. Create policies for the monthly cutoff of invoicing and recording expenses — and adhere to them. For example, require all invoices to

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