There are a number of immutable facts in the world. One of them is that bank accounts bear the names of their owners. For individuals, this means a first and last name. In the case of corporations, it is the complete name of the particular company or charity in...
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...
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...
