Nonprofit Insights
Revisions to AICPA Standards Now Effective
The most significant revisions to the American Institute of Certified Public Accounts’ (AICPA’s) Statements on Standards for Tax Services (SSTS) in over a decade went into effect on January 1, 2024. The SSTS are enforceable standards that all AICPA members providing...
Should Your Nonprofit Accept Crypto Donations?
In 2018, the Pineapple Fund donated Bitcoin grants worth $55 million to 50 nonprofit organizations. Since then, more donors have expressed interest in donating cryptocurrency to the charities they wish to support. This raises the question: Is it smart for your...
What You Should Know About Donor-Restricted Assets
Donor-restricted assets present a good news-bad news scenario for nonprofit organizations. The good news is that these assets are real donations that your organization can use to further its mission. The bad news is that the assets must be used for the specific...
Why You Need a Formal Gift Acceptance Policy
Gifts and donations are vitally important to nonprofit organizations. But not all donations are created equal, especially non-cash gifts and in-kind donations. In some circumstances, these kinds of donations can cause more problems than they are worth. This is why...