Payment card industry (PCI) compliance can be a daunting subject for many nonprofits, but maintaining compliance is an important precaution to protect your organization’s reputation and fundraising goals. Today, data breaches are increasingly common. There are 5,113,159 records lost or stolen every day, and in 2016 63 percent of nonprofits suffered at least one breach. For nonprofits, the threat of a data breach includes loss of reputation with donors, and potentially six figure fees to cover […]
If you’ve ever applied for a grant, you know there’s a lot of paperwork involved. There’s a reason for that: for each new grant awarded and every payment processed, administrative and financial staff must carefully consider pertinent laws, IRS requirements, and the changing landscape of the nonprofit sector, all while protecting the funds their respective founders set aside for philanthropy.
This article was originally published in the Nonprofit Hub magazine. I always find it a little funny when I hear someone say, “The future is now.” My immediate thought tends to be, “But what does that even mean?” Frankly, it sounds like somebody is trying to be a little too philosophical. I liken it to when someone is sharing “the secret to life,” but really just spewing nonsense. This common phrase should be shifted to, […]