In today's complex financial landscape, effective endowment management is more critical than ever to provide a stable source of funding that supports long-term missions. In this episode of Cherry Bekaert’s Not-for-Profits podcast, Jason Sturdevant, NFP Accounting Advisory Senior Manager, is joined by Blakeley Richard, Co-host and NFP Accounting Advisory Manager, to give an overview of endowments and how they can help an organization drive success.

Listen to this episode to learn about:

• Common misconceptions with endowment accounting
• Definitions of significant terms for endowments
• Frequent endowment accounting mistakes and errors
• Overview of underwater endowments, fund accounting and policy needs
• Consequences for endowment mismanagement
• Endowment oversight responsibilities
• Best practices and recommendations for accounting for endowments

When endowments are managed effectively, they can provide significant resources to enable organizations to carry out their mission well into the future. However, mismanagement can result in significant time and resource costs.

Cherry Bekaert's Not-for-Profit Accounting Advisory team offers comprehensive advisory services that enables nonprofits to overcome challenges and maximize the benefits that endowments can provide. Our knowledge in crafting tailored solutions allows institutions to align their financial strategies with their long-term goals and mission-driven objectives.

View all podcast in this series

One of the most powerful yet often overlooked dynamics in the not-for-profit world is the alignment between finance teams and fundraising teams. While their day-to-day responsibilities may seem worlds apart, their collaboration is essential for mission success.

In this episode of Cherry Bekaert’s Not-for-Profits podcasts, Jason Sturdevant, NFP Accounting Advisory Manager, is joined by co-host Blakeley Richard, NFP Accounting Advisory Manager, to discuss the critical alignment between finance and fundraising teams. Together, they discuss how collaboration across these functions can enhance donor relationships, improve reporting accuracy and support more strategic decision-making within not-for-profit organizations.

Listen to this episode to learn about:

• The challenge of aligning finance and fundraising in not-for-profits and why it matters
• Consequences of misalignment with real-world examples
• What good alignment looks like
• Practical tips for improving alignment
• How Cherry Bekaert’s CFO Advisory team is helping with this challenge
• Resources for further learning

When these teams operate in sync, organizations gain not only financial clarity but also strategic momentum that fuels sustainable growth and deeper impact. Cherry Bekaert's team of professionals is equipped to offer comprehensive advisory services that address the needs of not-for-profits. Their knowledge in crafting tailored solutions allows institutions to align their financial strategies with their long-term goals and mission-driven objectives. Contact us today.

View all podcast in this series

In today's complex financial landscape, managing an endowment effectively is more critical than ever to provide a stable source of funding that supports long-term missions.

In this episode of Cherry Bekaert’s Not-for-Profits (NFP) podcasts, Jason Sturdevant, NFP Accounting Advisory Manager, is joined by co-host Blakeley Richard, NFP Accounting Advisory Manager, to discuss endowments in the context of educational organizations like private universities or K-12 schools. This episode also covers other information that can benefit any organization looking for best practices regarding their endowments.

Listen to learn about:

• Endowments and Personnel Transition
• K-12 Cleanup
• Endowment Overhaul
• Closeouts
• Navigating Endowment Challenges
• How Cherry Bekaert Can Assist

Cherry Bekaert's team of professionals is equipped to offer comprehensive advisory services that address the endowment needs of not-for-profits. We ensure that endowment funds are not only preserved but also poised for growth. Their knowledge in crafting tailored solutions allows institutions to align their financial strategies with their long-term goals and mission-driven objectives. Contact us today.

View all podcast in this series