Rule of 72
The rule of 72 is a simple calculation of estimating the number of years it will take for a given amount of money to double in value, at a specified rate of interest.
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Opportunity Cost
WHAT IT IS: Opportunity cost is a calculation that captures both:
The price paid for an activity or object, and
The value of alternative uses of the time and/or money involved.
The After-Tax Cost of a Gift
"Do you know how much it will truly cost you to make a gift?" By posing this question to prospective donors, you can raise their interest in the topic of the after-tax cost of a gift. Specifically, how big a charitable deduction will the gift let the donor take?
8 Facts About Capital Gains and Losses
Almost everything you own and use for personal purposes, pleasure or investment is a capital asset. When you sell a capital asset, the difference between the amount you sell it for and your basis--what you paid for it--is a capital gain or capital loss.
Legal and Tax Updates
Coming Soon.
Contact Reports. Yes. You Should Be Doing Them.
What Is a Contact Report? Just what it sounds like: a record of your “contact” with a donor. Having a contact report system in place lets you track a person’s relationship with your organization seamlessly over a long period of time.