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Corporate credit card policy and forms
Hello, Does anyone have a general credit card policy and credit card use agreement they could share? Thank you.
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Tips for creating and forecasting a managed funds budget
As we all strive to effectively manage and grow our funds to support our mission and community, I’m interested in learning more about best practices for creating and forecasting a managed funds budget. Specifically, I’d like to hear from you on the following points: Revenue Projections: How do you estimate investment…
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ACH Payments
We are in the process of having all of our grants paid ACH and are looking to have our scholarship payments paid ACH as well but I did hear that some colleges and universities still prefer check. Has anyone been successful in getting colleges and universities to make the switch to ACH? Also, are there any community…
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Mobile App for staff expenses
This is a rather practical question. Our staff have travel and office expenses paid personally to be reimbursed by our Foundation. Is there a reasonably priced Mobile App that you might suggest to capture and categorize the receipts to make things easier and less time consuming for our staff and bookkeeper?
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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…
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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…
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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?
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Rate of Return on Fund Statement
Does anyone put the annual rate of return on your fund statements?
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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…
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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…
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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…
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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!
