There’s a good chance you’ve heard the term ESG, which stands for environmental, social, and governance. ESG is a framework used to assess how corporations are addressing various sustainability and ethical issues. The role of an ESG program is to ensure corporate accountability and processes to manage a business’ impact in each of these areas. (more…)
Nonprofit Insights
NextFundraising Strategies - 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 purpose stated by the donor. Donors have the legal right to require that their gifts be used for limited and specific purposes. Once your organization accepts the assets, the donor stipulation is inviolate. If you accept the gift, you are legally required to follow the stipulation. Failure to do so could lead to financial penalties or even the loss of your tax-exempt status. (more…)