Whether you run a nonprofit or serve on the Board, you have a responsibility to make sure the organization is in compliance. There never seems to be enough time to step back, take stock, and launch that preventative compliance review. At a minimum, there are things that any nonprofit can do – and every nonprofit should do:...

For over thirty years, Beacon Mutual has been the leading provider of workers’ compensation insurance in Rhode Island. Beacon Mutual makes it a part of its mission to care about Rhode Islanders. Now, they will fulfill that mission in part through funding The Beacon Foundation. The Beacon Foundation, through the issuance of donations and grants, will...

By Elizabeth Manchester Charities increasingly receive inquiries from donors regarding the entity’s willingness to accept cryptocurrency (“crypto”) donations. In the wake of the pandemic, charities should consider ways to diversify fundraising efforts in a compliant manner. Charities can best prepare themselves with the following steps to evaluate and accept cryptocurrency donations. Review and revise gift...

With the threat of cyber-attacks making the news, it is a good time for all nonprofit organizations to review their policies and procedures with respect to data privacy. Many nonprofit organizations are particularly vulnerable to legal, financial, and reputational risks resulting from cyber-attacks and other data breaches because they do not have the staff, time,...