Category: Industry Updates

Executive Summary On May 29, 2026, the Office of Management and Budget (OMB) issued proposed revisions to the Uniform Guidance governing federal financial assistance. If finalized, these changes …

After more than 40 years without significant reform, the IRS has overhauled the rules governing group tax exemptions for nonprofit networks. On January 20, 2026, the IRS released …

As charitable giving continues to evolve, two channels are becoming increasingly central to donor strategy in 2026: Donor-Advised Funds (DAFs) and Qualified Charitable Distributions (QCDs). Both introduce complexity …

Nonprofit organizations operate in an environment where transparency, accountability, and public trust are essential to sustaining their mission. Independent audits play a critical role in reinforcing trust – …

Year-end is a defining moment for nonprofit organizations. It is when operational activity becomes auditable financial information, grant obligations are measured with precision, and liquidity decisions shape the …

Recently, the Stanford Social Innovation Review reported that more U.S.-based nonprofit organizations are relying on philanthropy — gifts of $10,000 or more — as their dominant funding category. …

Group Audit Standards SAS 149: Group Audits Effective for periods ending on or after December 15, 2026. Key changes Builds a clearer framework for planning and performing group …

In today’s changing economic and political climate, federal grant terminations are happening more often. Agencies are reviewing existing grants to make sure they comply with current laws and …

Role of Charity Watchdog Ratings for Nonprofits: A Deep Dive into Charity Navigator In the complex landscape of the nonprofit sector, transparency, accountability, and effectiveness are paramount. Charity …

Federal Audit Clearing House Update The Federal Audit Clearinghouse (FAC) has introduced a new process to accommodate incomplete submissions under specific conditions. If your submission encounters issues such …