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Board financial responsibilities – Put best practices in motion
October / November 2011
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 1023
Abstract: Even if new board members are enthusiastic, wise or skillful, they may not fully understand their fiduciary responsibility to be good stewards of the public’s money, have a working knowledge of finances — or even be good with numbers. This article shows how a board can assure fiscal responsibility by having strong operating procedures, the right committee structures and appropriate training. A sidebar describes some of the metrics a board should know.
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Left a job? Pay heed to your 401(k) plan
Year End 2009
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 1023
Abstract: After leaving a job (whether voluntarily or involuntarily), some may wish for greater flexibility in how their retirement money is invested than a 401(k) allows. One option is to roll over the money into an IRA, either directly or indirectly. This article looks at the distinction and examines the tax implications, while a sidebar discusses the temptation to cash out a retirement fund during an economic crisis.
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Charitable giving – Noncash donations can take many forms
Year End 2009
Newsletter: Trendlines
Price: $225.00, Subscriber Price: $157.50
Word count: 1023
Abstract: Donating cash might be an easy way of supporting a charity, but it’s not necessarily the best. Rather than hurting personal cash flow by lowering the balance on one’s bank account, it might be better to look to other assets to serve as a valuable donation — with some helpful tax benefits. This article discusses donating a home, a vehicle, art or other collectibles, or appreciated stock, while a sidebar shows the different costs involved in donating cash, stock, real estate or collectibles.