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.

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Across the Not-for-Profit sector, accounting and finance teams can often find themselves stuck in crisis mode, without a way forward or resources to solve their problems. At other times, teams can navigate the status quo, but growth or improvement is out of the question. In either instance, NFPs can find themselves in the common position of being stretched too thin. What solutions are out there?

Jason Sturdevant, NFP Accounting Advisory Manager, and co-host Blakeley Richard, NFP Accounting Advisory Senior Associate, join forces to discuss some examples of NFP accounting teams that were struggling to juggle day-to-day needs with broader compliance or strategic goals. Jason and Blakeley will also highlight a couple instances in which NFPs leveraged Cherry Bekaert’s Accounting Advisory team to overcome staffing challenges, complex accounting matters and organizational barriers to move toward thriving.

As part of Cherry Bekaert’s Not-for-Profit podcast series, this episode covers:

• Navigating the challenges of turnover in key finance positions
• Working through common trouble areas for colleges and universities
• Tackling technically complex tasks with limited capacity
• Creating tools for challenging accounting areas
• Developing plans for strategic growth for finance teams
• Opening up resources for training and team readiness
• Working with Cherry Bekaert’s NFP advisory team on a wide array of projects
• Outcomes for specific organizations that worked with the NFP advisory team

Cherry Bekaert’s Not-for-Profit Accounting Advisory team manages all types of complex technical accounting areas, whether that’s assisting with year-end close, supporting transition of personnel or guiding your finance team through organizational changes. If you have any questions specific to your business needs, Cherry Bekaert’s Not-for-Profit Advisory team is available to discuss your situation with you.

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Not-for-profits (NFP) across the country often struggle with their accounting processes due to outdated software, spreadsheets and manual data entry. Sage Intacct, a cloud-based platform, can simplify accounting processes so not-for-profits can focus on the business of helping others.

In this episode of our NFP podcast series, we hear about the power of Sage Intacct from Kristen Jenei, Managing Director at Cherry Bekaert, and Hina Babar, a Director at Cherry Bekaert.

Tune in to learn how Cherry Bekaert can help implement Sage Intacct, and discover how the platform can help your organization:

• Gain visibility into key data
• Stop manually entering financial information
• Reduce accounting mistakes
• Streamline processes
• Gain more time for tasks important to your not-for-profit

As more guidance comes forth, we are here to provide regular updates, thought leadership, current and future state consulting, change management advisory and ready to stand up services. We have solutions tailored for you.

Learn more about Cherry Bekaert’s Sage Intacct solutions

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