The CFO'S Perspective

Accounting and Reporting for Stock Gift Donations to Nonprofits

Last week I shared an overview about recording non-cash gifts and the opportunity for a nonprofit organization to accurately present the types and value of contributions it receives to support its mission. 

Today we review a related topic: Stock gift donations.

The easiest type of donations for nonprofits to accept are unrestricted cash donations. While everyone loves cash, what if you could supercharge your organization’s growth by accepting other types of non-cash gifts—like stocks?

Topics: Accounting Non Profit Organizations Philanthropy Portland

In-Kind Donations Accounting and Reporting for Nonprofits

Most non-profit organizations rely on gifts from other businesses and the public at large to achieve their goals. These come in the form of both tangible property and personal services (collectively nonfinancial gifts), which are referred to as in-kind contributions. 

Recording these non-cash gifts allows a nonprofit organization to accurately present the types and value of contributions it receives to support its mission. Even though in-kind gifts are a major source of support for many nonprofits, recording and reporting them properly can present some unique challenges.

Topics: Accounting Non Profit Organizations Philanthropy Portland

Corporate Philanthropy: What is in Your Budget?

As head of CFO Selections corporate philanthropy initiatives, the question I get most often, especially now at budget time, from other company executives is, “What is the right amount of money to budget for donations?”

Before answering this question, I usually ask,

What are you hoping to achieve with your corporate philanthropy?”

Topics: Philanthropy Planning Budgeting

The Long View: Companies Establish Strong Foundations for Long-Term Goals

Published In: Puget Sound Business Journal - Corporate Citizenship Supplement
Author: Alisha Gomez
Excerpted from a longer article, on corporate foundations:

“For Tom Varga, managing partner at financial recruiting firm CFO Selections, corporate philanthropy had to be part of his company’s culture from the start.  ‘I don’t think a lot of businesses, when they get going, think about the fact that as a corporate citizens, there’s a larger responsibility other than making a profit for your shareholders,’ Varga said.

Topics: News Philanthropy