Laying the groundwork for audit-ready grantmaking Grantmaking is central to a foundation’s mission, but it is also a key area of regulatory and audit scrutiny. From an audit perspective, missing…
…$250 or more, donors must obtain a contemporaneous written acknowledgment (“CWA”) from the nonprofit by the earlier of (1) the due date, including extensions, of the donor’s income tax return;…
Key clarifications from the recent CMMC FAQ updates The Department of War (DoW) issued two updates to its CMMC Frequently Asked Questions. These November 2025 and January 2026 updates provide…
…amendment period Even though the amendment deadline is still a few years away, proactive planning is a best practice. Nonprofit plan sponsors should consider: Confirming whether their 403(b) plan is…
…to ensure alignment with updated compliance requirements for their programs. Questions about how the 2025 updates affect your organization’s single audit or federal funding compliance? Connect with Keiter’s nonprofit team…
…gains and losses, and any contractual sale restrictions. Guidance for nonprofits holding cryptocurrency assets In the ever-evolving landscape of nonprofit fundraising, innovative approaches are at the forefront of driving impactful…
…being accepted in accordance with the nonprofit’s policies, and any cryptocurrency transactions are accounted for properly and in accordance with the nonprofit’s policies. Your Keiter nonprofit team is closely monitoring…
Launch of Federal Program Inventory The Office of Management and Budget (“OMB”) recently issued revisions to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly referred…
The Office of Management and Budget (“OMB”) previously published proposed changes to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly referred to as the “Uniform…
An overview of endowments and why they matter Endowments play a powerful yet often misunderstood role in the long-term financial health of nonprofit organizations. For nonprofit leaders, understanding how endowments…
Responsibilities when managing an endowment An endowment is not just an investment account, it is a long-term promise to donors, governed by law, policy, and fiduciary responsibility. Understanding how endowments…
Form 990 for tax-exempt organizations Schedule O is an integral part of the annual filing of the Form 990 for tax-exempt organizations. Its main purpose is to provide narrative information…