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Report digs into Millennials’ work for causes Phase 2 of the Millennial Impact Report, an annual study of younger adults’ engagement with charitable causes (supported by the Case Foundation), looks at the group’s cause-related interests and actions and what’s behind them. Among other things, the researchers found that those Millennials who’ve been the most passionate

Have you considered compensating board members for their services, thinking you might be able to attract better qualified leaders? Compensation could be in order, but first you should weigh the pros and cons of this decision. Making a change Here are several factors to consider before making the change from volunteer to paid board leadership:

If there’s one thing many nonprofits have learned in the past decade, it’s the danger of becoming overly dependent on donations to sustain operations. That lesson has prompted some organizations to look for other revenue sources, including opening their own businesses. But even business activities related to your exempt purpose could fall prey to the

Passage of the new federal income tax law in late December 2017 has brought into reality a variety of concerns nonprofits raised as the bill worked its way through the U.S. House of Representatives and Senate. In addition to the increased standard deduction that’s expected to depress charitable giving, the final Tax Cuts and Jobs

In recent years, an increasing number of companies have voluntarily issued so-called “sustainability” reports in response to growing interest from investors and lenders about potential environmental, social and governance (ESG) risks. Unfortunately, these reports often vary significantly from company to company. In February, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the

On January 18, the House Financial Services Committee advanced a package of more than a dozen bills to loosen financial regulations. Together, the measures represent a broad effort by Republican lawmakers to roll back disclosures and other requirements on smaller banks and credit unions, funds, mortgage lenders, insurers and other entities supervised by financial regulators.

The AICPA is asking the Financial Accounting Standards Board (FASB) for special breaks for private companies as they implement the new revenue recognition standard, which goes into effect for private companies in 2019. The AICPA is asking for practical expedients for private companies to estimate performance obligations in a customer contract, as well as for

As a result of the Tax Cuts and Jobs Act, there are significant changes to the estate and gift tax exemption beginning in 2018 that will result in many fewer estates being subject to the 40% tax, and larger estates owing less tax. Before the Tax Cuts and Jobs Act, the first $5 million (as

New standards highlight the importance of strong internal controls Companies need to pay close attention to how the adoption of some of the FASB’s new standards may affect their control systems in 2018 and beyond. In particular, major changes to the accounting requirements for reporting revenue, leases and credit losses will bring challenges when it

Disclosing cybersecurity risks In the wake of the Equifax breach, which exposed personal information of roughly 145.5 million people, the Securities and Exchange Commission (SEC) has announced plans to update its interpretive guidance for disclosing cybersecurity issues. The SEC wants to remind public companies of their responsibility to keep investors informed when data is breached