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Non-profit FAQs

Why NOT to start a non-profit

(In this post we use the term ‘charity’ generically to include such terms as public good entity, non-profit, registered charity, society, foundation, ngo and so on.) -o0o- Charity work is a “noble cause”; many are attracted to it because of Read more…

By NFP Editor, 7 months27 November 2024 ago
Accounting

How Do Charities Manage Money Wisely?

With a number of charities struggling to survive, and news recently of a number closing down or seriously considering it (see note below), it was good to see some financial advice for charities recently posted from Andrew Austin of Jarden Read more…

By NFP Editor, 7 months ago
Administration

What is the difference between a charitable trust and an incorporated society?

A recent newsletter from RAINEY COLLINS LAWYERS discussed the above topic. The article starts: “There are some key differences between charitable trusts and incorporated societies. Which entity works best for you will depend on the type and goals of your Read more…

By NFP Editor, 9 months26 September 2024 ago
Governance

When is someone disqualified from acting as an officer of a charitable entity?

In a recent newsletter, RAINEY COLLINS LAWYERS published an article with the above title. The article commences: “A Society, which was a registered charity, held an AGM for the purposes of voting on new officers as the term of some Read more…

By NFP Editor, 10 months12 September 2024 ago
Non-profit FAQs

Governance Procedures must be reviewed

   One of the changes made by the Charities Amendment Act 2023 is that all charities now have a statutory duty to review their governance procedures at least every 3 years. The requirement came into effect on 5 October 2023.     Read more…

By NFP Editor, 10 months3 September 2024 ago
Non-profit FAQs

What is Social Investment?

Q: Social Investment has been in the news since the topic was raised in the budget this year, but what is it? A: Simply put, Social Investment bridges the gap between financial markets and social good and refers to the Read more…

By NFP Editor, 10 months28 August 2024 ago
Governance

Meetings – Effective Non-Profit Board Meetings

Non-profit boards play a critical role in advancing the mission of the organisation and serving its constituents. To achieve these goals, board meetings need to be productive and effective. Here are some tips on how to run successful non-profit board Read more…

By NFP Editor, 11 months12 August 2024 ago
Non-profit FAQs

Who can help me to register my non-profit?

Our consultant (not a legal professional) may be able to assist for a modest fee (there is no charge for an initial discussion)  

By NFP Editor, 11 months7 August 2024 ago
Non-profit FAQs

Advocacy and Charity

A “legal update” from lawyers MinterEllisonRuddWatts at the end of last year tackled the challenges facing advocacy organisations wishing to apply for charitable status. “The challenges faced by advocacy organisations seeking charitable status Better Public Media Trust v Attorney-General was a Read more…

By NFP Editor, 11 months22 July 2024 ago
Administration

D&O Insurance

Q. A member of our committee has suggested that we should take out D&O Insurance . We are a small charity with limited funds. Is such insurance worth it? A. Please note that we are not legal or financial experts Read more…

By NFP Editor, 12 months1 July 2024 ago
Cybersecurity

Future Technology

From a blog by LEAD CEO Sandy Thompson: Emerging technology changes are reshaping how NFPs operate, driven by advancements in AI, the increasing importance of cybersecurity, the integration of blockchain technology, the rise of remote work, and the growing focus Read more…

By NFP Editor, 1 year27 June 2024 ago
Charities Act 2005

Good Governance and the Charities Act

From the Charities Services Newsletter June 2024 Good governance and the Charities Act The Charities Act changed in 2023 and now there is a new requirement related to the governance of your charity. Charities will now need to review their Read more…

By NFP Editor, 1 year24 June 2024 ago

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