Nonprofit

Public University Foundations: More Problems

09:09 31 July in Nonprofit

In Another Public University Foundation Under Fire, we wrote: Sometimes called “slush funds” and “shadow corporations,” the foundations that support the nation’s public universities have been grabbing headlines recently: ones they would rather avoid. We highlighted some developments in “Foundations of Public Universities: Too Secretive?” There must...

New Accounting Rules for Nonprofits

09:34 17 July in Nonprofit

In August 2016, the Financial Accounting Standards Board (FASB) announced new rules for nonprofits: “Accounting Standards Update 2016-14 “Not-for-Profit Entities (Topic 958), Presentation of Financial Statements of Not-for-Profit Entities.”  It’s the first significant set of changes since 1993 to the presentation standards for nonprofit financial statements....