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When Is the Best Time to Invest? By Sarah Newman

When is the best time for a nonprofit to invest? In every portfolio construction presentation to nonprofit organizations, we anticipate this question: “What dollar amount is right to invest in our organization’s excess funds?” Some nonprofits want to start a foundation or endowment with a targeted dollar amount. Some organizations also look for an answer…

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Faith-Based Portfolio Screening by Richard Todd

Faith-Based Portfolio Screening to Align with Values Faith-based organizations — churches, dioceses, religious orders, and other religious institutions – have often created portfolios for their investments assets that are aligned with their values.  It is common to see them screen out companies connected to abhorrent practices or that are involved in industries that violate their…

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Why You Need a Continuity Plan By Andrew Casanova

Are Possible Cancellations in Your Continuity Plan? As Judeo-Christian values decline in the public sphere and historic Christian beliefs are challenged in growing legislation across America, and ministries need to seriously consider the breadth of their business continuity plan. In addition to making provisions for natural disasters, technological failures, and security breaches, there may be…

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Why Budgeting is Important By Greg Henson

Budgeting is Important for Christians If you want a snapshot of where you are in your walk with Christ, look at your budgeting and walk through it with a spiritual director, your pastor, and a fellow Christian who is not part of your family — together, at the same time, in the same room. SELF-ASSESSMENT…

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How to Grow Operating Reserves By Natalie Roderick

You Can Intentionally Grow Your Operating Reserves Most nonprofits are comfortable in having sufficient operating reserves to ensure their continuity, whether 30 days of reserves, three months, or even longer. Many are keeping these reserves in a checking or money market account, even when the dollar amount may be in the millions.  An idea to…

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The New Lease Accounting Standards By Lisa D. Wabby

Planning for the New Accounting Standard for Your Leases It is time to learn and plan for a new accounting standard related to your lease. One  significant update is ASC 842, Leases. Under this new accounting standard, organizations that lease assets will now be required to recognize a right-of-use asset and lease liability for operating…

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Is GameStop a Game Changer? By Bryan C. Taylor

Social Media becomes the game changer for GameStop. The recent move in GameStop has raised eyebrows and set the social media world on fire.  Many wonder what is actually happening behind the scenes. Given the questions we are fielding, many are also concerned about ramifications for the broader markets.  While it is certainly possible that…

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Financial Reflections and Resolutions By Winters Richwine

Financial Reflections and Resolutions At Cornerstone Management, we recommend 2020 reflections and 2021 resolutions for ministries to help you start the year well.  These recommendations incorporate lessons learned during 2020 and our views for 2021.  We hope these insights help place your organization on firm financial footing going forward. REFLECTIONS 2020 While difficult for many,…

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Money Talk by Peter J. Mahler

Let’s Talk About Money and Weathering the Storm! Money has become a key topic of conversation for Christians across the country. Because the coronavirus (COVID-19) has forced many businesses to close their doors, millions of Americans are unemployed. As a result, many churches and other Christian organizations may face potentially catastrophic reductions in income, even…

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Important Accounting and Auditing Updates By Junice Jones and Frank Jakosz

Important Accounting and Auditing Updates for Nonprofits Several accounting and auditing standards updates go into effect in 2020 and 2021. Nonprofits need to understand these changes and plan for effective implementation. Below is an overview of three of the key changes and how they may affect your organization. We’ll discuss these and other updates in…

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