Avoiding “Fashlas” by Your Accountant

Categories: Accounting/Bookkeeping, Banking, ללא קטגוריה|Tags: , , , , |

The word fashla is Hebrew colloquial for “screw-up”. And yes, even your accountant, an Israeli charity’s best friend, can make a few. As a banker I see this particular slip-up more often than you think. Here are two ways to avoid your accountant inadvertently putting your organization’s bank account in the red.  PRELUDE In Israel, the [...]

6 Questions to Help Choose the Right Conduit Organization

Categories: Financing a Nonprofit, ללא קטגוריה|Tags: , , , , , , , , , |

The sole purpose of my previous piece, Defining a Conduit Organization, was to address the more important question of this post, “How to Choose the Right Conduit?” After all, for many organizations operating outside the United States, specifically those in Israel, fundraising in America plays a vital role in the business strategy of the nonprofit.  Some charities [...]

6 Reasons “Friends of” Orgs Should Bank Abroad

Categories: Banking, ללא קטגוריה|Tags: , , , , |

The fiscal responsibilities of an American charity have become more complicated in recent years. Increased scrutiny from the IRS, more intricate tax documentation, the recent economic crisis, and donors’ need for transparency, are just a few of the challenges facing the sector. When a charity operates internationally these difficulties are only exacerbated. These global organizations [...]

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