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The Talent Pool: Where are the Next Generation of Not-for-Profit Leaders to be Found?
Posted by Daniel Cummings on Thu, Jun 19, 2014 @ 04:21 PM

Supply and Demand. We learned of these terms in Econ 101. Conceptually, when Supply equals Demand an economic equilibrium is achieved. If an increase or decrease in either Supply or Demand don’t move in lockstep, things get thrown out of whack and something has to change until Supply and Demand once again achieve some semblance of balance.

For the last several years, the not-for-profit sector and the boards that govern them know all about such an imbalance. They’ve been forced to confront this issue when it comes to identifying the next generation of leadership talent to helm the organizations they serve. And, the problem is only going to be become more acute in the next 20 years. Why? Well, there is a perfect storm of contributing factors. Before turning our attention to what’s happening on the Supply side, let’s examine the dynamics that have influenced Demand.

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Topics: Daniel Cummings, NFP, not-for-profit

OMB Grant Reform Standardizes Cost Principles
Posted by Michelle Spriggs on Wed, Jun 18, 2014 @ 09:08 AM

Cost principles for organizations that receive federal grants have traditionally existed in silos. Educational institutions, state and local governments and non-profit organizations faced different cost principle requirements under their respective Office of Management and Budget (OMB) Circulars. The OMB’s latest guidelines do away with the separation among the three entity types and merge them into one combined set of cost principles.

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Topics: Michelle Spriggs, OMB, cost principles

IRS Issues Additional Guidance on Impact of DOMA on Qualified Retirement Plans
Posted by Diane Caron on Mon, Jun 16, 2014 @ 04:53 PM

The Internal Revenue Service (IRS) recently issued additional guidance regarding the impact of the Windsor decision on qualified retirement plans. On June 26, 2013, the United States Supreme Court, in United States v. Windsor, ruled that Section 3 of the 1996 Defense of Marriage Act (DOMA) is unconstitutional. Section 3 of DOMA defines marriage as the “legal union of one man and one woman.

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Topics: Diane Caron, DOMA, Qualified Retirement Plans

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