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What is the best way to enter stock donations if you do not sell the stock?
We received several shares of different stock from a donor and our investment manager decided not to sell some of the stock. If I enter the information in public securities, I have to then "sell" the stock in CSuite. Should I only enter what was sold and then enter the other portion as "other payment?" This is the first…
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Charting Projected Giving/Workflows
Hi Compass, I'm wondering how others are understanding and charting their projected giving. We're currently struggling to understand what our next year looks like in terms of paying out installments, and how heavy our reporting workflows will be because there isn't a straightforward way to track estimated/anticipated…
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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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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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Impact Charitable is hiring an Accounting Manager
Please see attached details of a full-time hybrid position in Denver, Colorado. Interested individuals should send cover letter and resume to Emily Allred, Finance & Investment Director at emily@impactcharitable.org by May 22, 2023. Applications will be reviewed on a rolling basis.
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Sales Tax on auctions - California
We are a new Foundation. We are located in California, which does not grant exemption to sales tax to non-profits. We have had a couple of auctions and have received some items from local retailers to auction. I am confused about the regulations. How do others report the basis for sales tax on tangible items where the…
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Email Tax Receipts Best Practice
Hi there - we want to start emailing more tax receipts from donations to lower costs (printing, postage, etc.). However, our first stab at using this was extremely clunky. Does anyone have a process they use that they could share? We will be working to collect emails - but in the meantime we need to email what we can, and…
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Conflict of Interest - Board Members awarding grants other Non-Profits where they serve on a Board
Our auditors are asking us to compile a list of grants made by Board members (via their DAF or Designated Funds) to other non-profits where they sit on the Board. Has anyone done this and if so, how do you go about generating a report out of CSuite? Thanks.
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Do you accept Crypto and who is your clearinghouse?
We've been approached a handful of times by individuals who want to gift us crypto currency and we would like to accept it after it's been converted to cash. Do any of you work with organizations that turn crypto to cash for a small fee? Do you like working with them? Are their fees reasonable? Are they on the "up and up"?…
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Gift Entry for Checks from Retirement distributions and from Estates
Good morning, I have two questions and am looking for best practices or suggestions for both: For a check from a retirement distribution that comes from the financial company, do you treat that like a soft credit and enter the finance company as the donor and then the donor as Donor Advisor? It seems like since the company…
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Director, Finance wanted for Central Carolina Community Foundation - Columbia, SC
Please see the attached for details on a great opportunity in Columbia, SC
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ACH-verify bank information
Hello, I am curious to find out how often other foundations verify bank information if grantees are set up to receive grant payment via ACH and we only grant them once or twice a year. Who verifies the account and routing number (Grants coordinators or Finance dep.) and how (email or call)? Thank you,
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Job Opportunity: Financial Administrator
We are a new Foundant client just starting implementation. We are located in Ontario Canada and are seeking a part time financial/accounting person. We estimate that the role will require about 10 hours per week and would be virtual as our operations after covid have moved on line. Please reply to ; John Mayes, Treasurer,…
