This is the first in a series of articles to assist people involved in building a new not-for-profit organization. Over the next several months, we will discuss key steps in building a solid organization. The Government of Canada’s online publication...
In last week's article, Strategies to proactively assess the impact of the recession, I provided you with a simple framework that will help you and your management team to assess the potential impact of the recession on your organization. Ideally,...
Understanding how the Goods and Services Tax (GST) works is important to all Canadians. In this podcast, find out exactly what the GST is and how it works, whether it is similar to PST in some provinces, as well as...
The charity volunteering I do involves a lot of driving. The organization can afford to pay for gas, but the volunteer coordinator refuses to accept claims. Should they reimburse us? Or should we have a stipend from which to pay...
Wherever you turn these days, there is no escaping the talk of financial doom and gloom. From newspaper articles to television news reports, from politicians and economists to the general public, the economic downturn and its impending consequences are on...
Nonprofit organizations are coming to terms with the impact the economic recession is having on their financial sustainability. It is projected that major gifts will be down substantially and that new donor acquisition will be quite challenging. On top of...
Times are tough. Money is tight, cutbacks are on the rise, and employment is on the decline. Bay Street is exceptionally cautious these days as nervous anticipation sets in. The automobile industry, the media conglomerates, banks - they're all feeling...
In this podcast, we continue the discussion of disbursement quotas that began in Part 1 and explore such topics as how to calculate your disbursement quota, whether or not an accountant is necessary, how foundations amass large endowments, and the...
The Income Tax Act requires charities, as nontaxable entities, to spend a certain percentage of their income each year on charitable activities. In this podcast, find out more about these disbursement quotas, what happens when a charity doesn't comply with...
Given the economic downturn, it looks as if our fundraising will fall short. My board wants me to be proactive and start letting staff go. Our services are important to the community, so we want to survive. Are staff layoffs...
