Negative Spendable Balance after posting grants and scholarships
Hi everyone, Our foundation has recently discovered that we are having some grants and scholarships post thru the system without flagging us that the spendable balance will go negative. It is not consistent and we have tried various scenarios to reproduce the problem. We've reached out to support and it has been escalated…
Agency Fund Third-Party Donations
Hi am interested to see how you are treating your third-party donations to agency funds. Are you setting up a separate designated fund for these donations or are you including them in the original agency fund? Additionally, if you are including them in the original agency fund are you keeping track of what donations are…
Segregated Accounts - Performance Reporting
Any organizations using a program like Morningstar or Black Diamond to produce performance reporting of their investment pools or segregated accounts? If not, how is your organization preparing investment performance reports?
Rate of Return on Fund Statement
Does anyone put the annual rate of return on your fund statements?
Indiana-based Third Party Accounting
All, we are a nonprofit scholarship org in Indiana that recently switched to Foundant. Our independent, 3rd party accountant who performed monthly reconciliation left and took another job. The firm has assigned someone else, but there has been a slow transfer from the former person to the new person. If we decide to go…
Job Opportunity-Sacramento Region Community Foundation
Hello Everyone! The Sacramento Region Community Foundation is looking to fill the role of Senior Accountant. Please see the attached job description and if you're interested in the position please apply. Feel free to forward the job description to people you think might be a good fit. Regards, Edward Harris Chief Financial…
Divisions or affiliate?
Where can I find more information about financial reporting parameters and effects on the GL for affiliates and divisions? Here's our situation: we are receiving a farm that will be a separate legal and financial entity. It will be reported on a separate 990 from our organization, yet we'd like to be able to run financial…
Third party payment processor
Hello! Does anyone use a 3rd party to process large amounts of payments for international scholarship recipients? We're looking to move the payment process for one of our larger scholarships from in house to an outsourced party. Any insight would be great!
Director, Finance wanted for Central Carolina Community Foundation - Columbia, SC
Please see the attached for details on a great opportunity in Columbia, SC
Which product do you use to efile your 990 form? Our snail mail copy just got rejected and said we need to file it electronically. I'm thinking Form990 online company. I called Intuit but I would need to get a EFIN# to use their product. Thanks!