Apr 27 2016

The National Council of Nonprofit's Financial Management Resources

The National Council of Nonprofits has compiled a plethora of resources to support your nonprofit's pursuit of sound financial management.  There are an abundance of resources tailored for executive directors to support operations and also for board members to help manage their fiduciary responsibilities.  

Click here for access to the resources:  

https://www.councilofnonprofits.org/tools-resources/financial-management

Happy counting,

Linda and Brian

 

 

 

 

Mar 11 2016

Did you know that in 2014 total charitable contributions totaled $358.38 billion?  Did you also know that 72% of the contributions were from individuals?  That also represents a 5.7% increase over the previous year! 

Does your fund development program mirror national statistics? 

To learn more and to inform your fund development programs, check out Giving-USA's website here: 

http://givingusa.org/

You can download free reports and share them with your financial committee and board members!  

Ready, get set... friend-raise! 

Oct 15 2015

Our firm specializes in CRA compliance for financial institutions. 

Click here to learn more about our CRA services...

 

Learn how the CRA makes a difference in our communities... 

From the Federal Reserve Bank of San Francisco: 

The Community Reinvestment Act is an important law that helps bring billions of dollars in bank capital to low- and moderate-income communities every year.

According to Wikipedia:

The CRA is a U.S. federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.

Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining. The Act instructs the appropriate federal financial supervisory agencies to encourage regulated financial institutions to help meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation. To enforce the statute, federal regulatory agencies examine banking institutions for CRA compliance, and take this information into consideration when approving applications for new bank branches or for mergers or acquisitions.

Understanding how the CRA law works is essential for nonprofits seeking funding, communities wanting to ensure their financial institutions are operating in fair and responsive ways and banks looking to make impactful loans and investments.

This video from the Federal Reserve Bank of San Francisco clarifies how the CRA works and what it means for communities across the country.

Let us know if you want to learn more about the Community Reinvestment Act. 

With gratitude,  Linda & Brian

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