Stewarding Donor Dollars: Financial Reporting for Contributions: Course Details

Schedule

The complete course is three weeks, from October 9 - 26, 2018.

The class is conducted in a Learning Management System, which places greater responsibility on the learner than other traditional professional development programs. Classes are conducted asynchronously, so there is no single time each week when participants are required to be online. However, participants should commit to spending approximately 4 hours on the class each week.

Coursework and assignments for each week open on Monday morning, and should be completed by the following Sunday evening. Grace periods are given, but interaction is more effective when the entire class is working on the same topic. Participants will connect and collaborate with each other through several forms of interactive media, including short videos and discussion boards.

Certificate of Completion

A registrant interested in obtaining a Certificate of Completion for a course must complete the program and earn the Course Completion badge. A certificate will only be issued to a registrant who has earned this badge.

Course Description

Week 1: Types of Contributions, Donor Restrictions and Gift Acceptance Policies

Study the types of contributions, including cash gifts and pledges as well as the more complex gifts that come in the form of gifts-in-kind, bequests, stock/securities and contributed services. Learn about the nuances of donor restrictions and review sample gift acceptance policies as you work to develop or refine a comprehensive policy for your school. Learn about the implications for gift reporting in the recent FASB nonprofit financial reporting overhaul that is going into effect for many schools starting in FY19.

Week 2: Accounting, Tax and Reporting Implications Plus Unique Gifts and Planned Giving

Learn about the tax implications for donors and schools, including when gifts are or may not be deductible for the donor and how the school must report gift activity on its annual 990 and audit. Review audit procedures and disclosures, sample acknowledgement letters to donors and the myriad issues that arise with special fundraising events like auctions and raffles. This week will also touch on the FASB reporting standards that narrowed net asset classes from three (permanently, temporarily or unrestricted) to two (with or without donor restrictions).

Week 3: A Strategic Partnership

Delve into the important relationship between the business and advancement/development offices by learning best practices on internal controls and reconciliations as well as strategic initiatives, including board reporting, stewarding donor dollars and reporting on the impact of gifts.

SHRM

SHRM Information

Credit Hours: 6
Activity # 18-XPMXF

Category: Business Acumen

NBOA is recognized by SHRM to offer SHRM-CP or SHRM-SCP professional development credits (PDCs). This program is valid for 6 PDCs. For more information about certification or recertification, please visit www.shrmcertification.org.

HRCI

HRCI Information

Credit Hours: 6
Activity ID: 361497

Category: HR Business

NBOA is a recognized provider of recertification credits. HR Certification Institute® pre-approved this program for 6 HR Business credits towards aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification.

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Business Intelligence for Independent Schools (BIIS)

BIIS is Now Open for Data Collection

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