Retirement planning is evolving, and staying informed about the latest updates to Individual Retirement Accounts (IRAs) and 401(k) plans is essential. As part of the SECURE 2.0 Act, several new rules are being phased in, beginning in 2025. These changes are designed...
The IRS has released the annual adjustments for 2025, covering tax brackets, deductions and limitations for the 2025 year. Tax Brackets and Rates for 2025 In 2025, there are seven federal income tax rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37% (plus a 0% rate for...
The U.S. Department of Education has officially launched the 2025-26 Free Application for Federal Student Aid (FAFSA), marking a milestone in the financial aid process for millions of students and families. After months of beta testing and feedback from students,...
Grants are a crucial funding mechanism for nonprofits, providing vital financial resources to support their missions and community initiatives. Navigating the world of grants, from identifying the right opportunities to crafting compelling proposals, can be...
In today’s social media age, influencer marketing has emerged as a powerful tool for nonprofits to spread their message, connect with diverse donor demographics, and drive action towards their mission. It is arguably the best form of marketing for nonprofits as it...
The future of events is undeniably headed towards technology-aided solutions. In recent years, Artificial Intelligence (AI) has emerged as a game-changer for nonprofits, offering new opportunities and insights to optimize event planning and enhance fundraising...
Have you or your colleagues uttered these words recently? ...I wish I could rely on my board to.........(fill in the blank)...If only my board would........(fill in the blank) If you said, “Yes!” to one or all of the above, please know you are in the majority and not...
For New York nonprofits, the governance cup has runneth over! Not only are nonprofits required to know and follow various federal, state, and local laws, as well as the provisions of their Certificate of Incorporation and Bylaws, but they are also required by law to...
The upcoming generational wealth transfer is poised to be the largest in history, with an estimated $84.4 trillion set to be passed down from the Baby Boomer generation over the next two decades. Approximately $11.8 trillion of this wealth is expected to flow into the...
