Cherry Bekaert: Not-for-Profit Industry Guidance

As colleges and universities navigate increasingly complex reporting obligations for payments made to  non-U.S. persons, having the right processes in place is critical. From filing requirements and deposit deadlines to documentation and reconciliation, institutions must take a coordinated approach to Form 1042 compliance. In part two of this series, Melanie McPeak , Managing Director and Tax Lead...

Compliance Risks for Non-U.S. Student Financial Aid: Part 1 As colleges and universities continue expanding their global reach, compliance requirements related to payments made to foreign students and scholars have become increasingly complex. From scholarship withholding rules to treaty documentation requirements, institutions must understand their responsibilities under Form 1042 reporting oblig...

In today's complex financial landscape, effective endowment management is more critical than ever to provide a stable source of funding that supports long-term missions. In this episode of Cherry Bekaert’s Not-for-Profits podcast, Jason Sturdevant, NFP Accounting Advisory Senior Manager, is joined by Blakeley Richard, Co-host and NFP Accounting Advisory Manager, to give an overview of endowme...

One of the most powerful yet often overlooked dynamics in the not-for-profit world is the alignment between finance teams and fundraising teams. While their day-to-day responsibilities may seem worlds apart, their collaboration is essential for mission success. In this episode of Cherry Bekaert’s Not-for-Profits podcasts, Jason Sturdevant, NFP Accounting Advisory Manager, is joined by co-host Blak...

In today's complex financial landscape, managing an endowment effectively is more critical than ever to provide a stable source of funding that supports long-term missions. In this episode of Cherry Bekaert’s Not-for-Profits (NFP) podcasts, Jason Sturdevant, NFP Accounting Advisory Manager, is joined by co-host Blakeley Richard, NFP Accounting Advisory Manager, to discuss endowments in the co...

Across the Not-for-Profit sector, accounting and finance teams can often find themselves stuck in crisis mode, without a way forward or resources to solve their problems. At other times, teams can navigate the status quo, but growth or improvement is out of the question. In either instance, NFPs can find themselves in the common position of being stretched too thin. What solutions are out there? J...

Not-for-profits (NFP) across the country often struggle with their accounting processes due to outdated software, spreadsheets and manual data entry. Sage Intacct, a cloud-based platform, can simplify accounting processes so not-for-profits can focus on the business of helping others.  In this episode of our NFP podcast series, we hear about the power of Sage Intacct from Kristen Jenei, Managing D...

On campuses around the country, the name, image and likeness (NIL) policy is revolutionizing the way student-athletes can obtain benefits while attending a college or university. As of July 2021, student-athletes can enter NIL deals if they comply with state law and the NCAA’s rules. Essentially, NIL allows college athletes to monetize their personal brand by profiting from their name, image and l...

Section 179D Energy-Efficient Commercial Buildings Deduction (section 179D) is an energy tax deduction created to incentivize the adoption of clean solutions in commercial buildings. Originally intended for the commercial industry, not-for-profit organizations are now able to take advantage of this notable tax deduction if they invest in energy-efficient improvements. Since not-for-profits are tax...

The Inflation Reduction Act of 2022 (IRA) opened the direct pay program for not-for-profit or tax-exempt organizations to qualify for energy tax credits if they were investing in clean energy solutions. Before the IRA, there were clean energy tax credits available to tax-paying entities to take advantage of, but tax-exempt organizations couldn’t reap any benefits when choosing to invest in energy...

Nonprofit organizations, from social services to trade associations and charter schools, play an essential role in supporting our communities. But these organizations often [HR1]   face several challenges and restrictions when it comes to fulfilling their missions. Throughout [HR2] 2024, not-for-profit (NFP) organizations will have many opportunities to increase impact and streamline operations. ...

Cyber breaches like the recent Blackbaud data security incident remind us that no one is out of reach of cybercriminals. In our newest Not-for-Profit webinar, join Matthew Socha , Partner and Industry Leader of the Firm’s Not-for-Profit practice, and Steve Ursillo , Partner and Leader of the Firm’s Information Assurance & Cybersecurity practice, for a discussion on Blackbaud’s response, next s...