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When it comes to receiving gifts from potential donors at your nonprofit, there may be some instances where it is actually in the organization’s best interest to decline what’s being offered. Although it sounds like it should be the other way around, some gifts may actually cost the nonprofit more than they are worth.
For example, an organization accepts the donation of a used car without investigating its condition first. It’s in horrible shape and by the time the vehicle is liquidated, it may have cost the nonprofit more to deal with than they actually ended up receiving. Although this is a fairly straightforward example, there are many other offerings that can be even more complicated and costly.
A gift acceptance policy clearly defines the types of gifts your nonprofit is allowed to accept. Not only does this enable your staff to make smart decisions quickly when a donor offers a gift, it also ensures the responsibility for the gifts accepted is with the board of directors since they would be instrumental in developing the policy. An important consideration when developing your gift acceptance policy is to review the types of gifts currently accepted by your organization, the types of gifts that have been offered but not accepted, and the type of gifts you may be offered and/or accept in the future. This will help form the basis of your acceptance policy.
Once your policy has been implemented it becomes an integral tool for your fundraising and marketing efforts. Having this “blueprint” of what types of gifts your nonprofit accepts allows you to target specific donors for the various offerings you are seeking. Regularly reviewing the policy with everyone involved with fundraising efforts will help to make sure new staff members are aware of the acceptance policy, and also help generate new ideas for targeting potential donors to maximize your efforts.
Having a gift acceptance policy in place can help protect your nonprofit from costly damages, but as with all strategies, risks still exist and need to be assessed and managed. Lamb Financial Group offers nonprofit risk management services to help ensure your organization can protect itself from potentially crippling losses. Call us at 866-481-5262, or contact us to learn how we can help protect your organization.
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Most companies and businesses conduct background checks as a part of the hiring process, but it’s especially important to conduct background checks on employees that work with children. By doing so, you are helping your nonprofit’s reputation and giving parents peace of mind, ensuring that children will be in a safe environment.
Consider this: While many that work with children have pure intentions, a 2011 Government Accountability Office Report found that some sex offenders were working in child care. In Washington, D.C. alone, they found 24 potential cases of sex offenders that were involved in childcare programs. Background checks can help prevent instances like this.
Moreover, in most states the law requires that background checks are conducted on nonprofit employees if the organization offers services for children, according to the Nonprofit Risk Management Center. Additionally, some insurers may require you to do checks as part of your sexual molestation liability insurance.
With this in mind, keeping the children protected while in your care is your primary concern. The best way to do this is to do a comprehensive check on each staff member. By doing so, it can help you find whether they have a history of violent crimes, sexual offense convictions or have had cases of child neglect or abuse. Not to mention, by doing these checks, it will help you make sure you are hiring the right people to staff your organization.
You can conduct background checks several ways. Child Care Aware of America recommends you begin the check with fingerprints. By scanning their fingerprints to check state and federal records it can help pull up any arrest or warrant information. Further, it’s imperative to check the sex offender registry and the child abuse and neglect registry. By doing a more thorough check, you are showing parents that you care about the safety of their children.
Lamb Financial Group can help nonprofits and social services organizations providing child care and other children’s services ensure they have the right people for the job. We offer background checks on request for our clients as a part of our risk management services. Contact us at 1-866-481-5262 for more information.
In recent years, it seems more and more families are choosing to move elderly family members in with a relative rather than into a nursing home or assisted living facility when they can no longer live on their own. Elderly family members often still need extra assistance when relatives are at work, which has led to the increase in enrollment at adult day care facilities.
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Adult day care facilities can provide not only medical and health services, such as therapies and medication administration, but also social activities, meals and other events designed for senior citizens. With the variety of services an adult day care facility can offer comes a range of risks for both participants and employees. Here are some of the most common risks.
- Slip, trip, and fall incidents
- Mistakenly administering the wrong medication
- Food poisoning
Like any other care facility, an adult day care facility must take all the necessary steps to reduce risk and make their facility a safe and healthy environment. This can include allowing only licensed medical personnel to administer medication or making sure all food meets certain cooking and storing standards to prevent foodborne illnesses.
Other steps may sound simple but are no less important. For example, encouraging participants and employees to diligently wash hands, especially during cold and flu season, in order to prevent the spread of illnesses. Another example is making sure foods are cut into small, easy-to-swallow pieces before serving to participants in order to reduce the risk of choking.
Adult day care facilities must do everything possible to reduce risks for participant and employee health and safety. In addition to what we’ve shared above, it’s important that your facility is backed by all the right forms of insurance, including general liability and workers’ compensation. Contact Lamb Financial Group today at 1-866-481-5262 to learn more about how we can help you find the right policies for your organization or facility’s unique risks and exposures.