Financials

Resource

Tri-State CF Partnership Webinar | Accounting: What Community Foundation Board and Staff Need to Know

Publication date: 
02/2019

Do you dread meeting with your auditor or accounting professional? Sometimes it might feel like foundation staff and CPAs speak different languages. We’ve taken the language gap out of the equation in this webinar to bring you a simplified look at accounting. Join three accounting experts for a non-technical look at some of the most basic but important accounting concepts such as donor restrictions, agency funds, and split interest agreements. Leave with an understanding of these concepts and how they affect your community foundation.

Resource

Tri-State CF Partnership Webinar | IRS & Other Required Filings

Publication date: 
06/2018

One of the key responsibilities that finance staff must undertake is the filing of necessary state and federal forms. This webinar will cover IRS Form 990 and 990T, solicitation and gaming licenses, UBIT (unrelated business tax), annual state filings. You will also learn how the latest federal tax reform will affect filing as well as the new taxes being implemented on foundations.

Resource

Tri-State CF Partnership Webinar | You're Hired: Identifying and Managing the Right Investment Manager

Publication date: 
09/2017

If you’re looking to hire an investment manager, this webinar will walk you through the process, including: developing and releasing a request for proposal; searching firms; and, presenting the results to your board. If you already have an investment manager, we will also discuss ways to properly evaluate and decide if and when to find someone else for the job.

Resource

Tri-State CF Partnership Webinar | Understanding the New Accounting Guidelines Webinar

Publication date: 
07/2017

https://www.michiganfoundations.org/sites/default/files/resources/FASBwebinar7-19.pdfThis webinar will walk you through the upload accounting guidelines issues by the Financial Accounting Standards Board that are set to go into effect after December 15, 2017. Learn the key elements and how these changes will affect your foundation’s reporting practices, as well as changes expected in the review of grantee statements.

Resource

Agency Funds and FASB Reporting Webinar

Publication date: 
10/2014

Since 1973, the Financial Accounting Standards Board (FASB) has been the designated organization in the private sector for establishing standards of financial accounting that govern the preparation of financial reports by nongovernmental entities. Those standards are officially recognized as authoritative by the Securities and Exchange Commission (SEC). There are many conflicts with the legal interpretation of community foundation funds and FASB reporting. This webinar is designed to assist executive directors, board members, finance staff and finance committee members in understanding the reporting requirements and their reporting options.

Resource

Legal/Financial Issues in Managing Community Project Funds Webinar

Publication date: 
08/2013

A local service organization comes to you and would like to collaborate on a much needed community project.  A group of concerned citizens decides an animal shelter is needed.  A dedicated person wants to raise money to pay them to deliver services to seniors your community.  They all want to set up a pass-through fund with to handle charitable contributions.  We’ve all been there.  When should you do this?  What are the legal responsibilities for the community foundation when these types of funds are established?  How do you handle the financial side? This webinar includes: guidelines for assessing when to engage in this type of activity; understanding community projects vs. fiscal sponsorship vs. fiscal agency; and sample fiscal sponsorship agreements and reporting requirements.

Pages