Stewarding Donor Dollars: Financial Reporting for Contributions

This three-week course is designed for business office and advancement/development professionals to understand best practices related to gift reporting compliance and donor transactions, as well as enhancing the strategic partnership between the two offices to ensure long-term success.

Collaboration with one another, donors and/or auditors regarding the receipt, acknowledgement and entry of gifts and pledges as well as the use or stewarding of those funds is vital to both the business and development offices. Participants will be empowered with the knowledge and tools to address the challenges that come with gifts (especially those with restrictions, non-cash gifts, contributed services, etc.) and learn day-to-day best practices for financial reporting and accounting for gifts in the school's records, public filings and more. Additionally, participants will learn how to enhance the strategic partnership between the advancement/development and business offices to ensure better stewarding of long-term donors and sustainable fundraising efforts in the future.

Topics covered include types of gifts, unrestricted and restricted gifts, redirecting donors, endowment best practices, wills and planned giving, shared information between the business and advancement/development offices, compliance with IRS and accounting regulations, and the business office role in donor stewardship.

This course is being offered in partnership between NBOA and One Schoolhouse.

Course Schedule

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

Category: Business Acumen

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

HRCI

HRCI Information

Credit Hours: 6

Category: HR (Business)

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

Questions?

Email programs@nboa.org or call 202-407-7140

Dates

Oct 28 - Nov 15, 2019  Register

Jun 8 - Jun 26, 2020  Register

Cancellation and refund policies

Pricing

Members:
$445

Nonmembers:
$635

Group rebate available

Time Commitment

3-5 hours per week for 3 weeks

Learn more about the platform and coursework

Class Size

Up to 35 participants

Recommended Audience

  • Business officers
  • Controllers
  • Business office staff
  • Advancement/development professionals