Legacy Professionals News

Nonprofits of all sizes often receive donations of tangible property, from clothing and household goods to artwork and equipment. But determining how to value those

With cost-of-living concerns, interest rates and federal funding cuts continuing to be prominent in the headlines, many nonprofit leaders are understandably focused on external economic

“Fiduciary” is a term that gets thrown around a lot these days. But what does it really mean — and to whom should it apply?

Using independent contractors can save nonprofits money. There’s no long-term commitment, and contractors pay self-employment tax rather than your organization having to pay the employer

Your employees and volunteers have likely worked hard this year, seizing opportunities and overcoming challenges in the pursuit of your nonprofit’s mission. Many of your

Is your nonprofit new and building its governance infrastructure from scratch? Or is it established but looking for ways to improve the effectiveness of its

Even if your not-for-profit isn’t technically required to obtain independent audits, such audits can enhance financial transparency, increase accountability and help you build trust with

Without a predictable revenue stream, you’ll have a hard time budgeting, funding priorities and planning for the future. Right now, many organizations are grappling with

For the past couple of years, investment fraud has been the costliest type of scam reported to the FBI’s Crime Complaint Center. The FBI generally

Only some not-for-profit organizations are required to conduct independent annual audits. For example, the federal government and many states mandate an audit if a nonprofit