Cherry Bekaert: Not-for-Profit Industry Guidance

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Jun 2026

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Cherry Bekaert’s Not-for-Profit podcasts feature discussions on trends and best practices to guide you forward.

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11 recent

June 15, 202618 min

Non-U.S. Student Financial Aid Compliance Risks

Compliance Risks for Non-U.S. Student Financial Aid: Part 1As colleges and universities continue expanding their global reach, compliance requirements related to payments made to foreign students and scholars have become increasingly complex. From scholarship withholding rules to treaty documentation requirements, institutions must understand their responsibilities under Form 1042 reporting obligations.In this episode of Cherry Bekaert’s Not-for-Profit podcast series, Melanie McPeak, Managing Director and Tax Leader of the Firm’s Not-for-Profit Industry practice, is joined by Tahira Nagda, Managing Director and Compliance & Provision Lead in Cherry Bekaert’s International Tax practice. Together, they discuss key compliance considerations surrounding Form 1042 reporting for payments made to non-U.S. students and scholars.Listen to learn about:Form 1042 reporting requirementsWho qualifies as a foreign personTax treatment of scholarships and stipendsCommon withholding rates and treaty exemptionsRequired documentation, including Forms W-8BEN and 8233Honoraria and common payment classification issuesIRS audit focus areas for higher education institutionsPenalties and risks tied to noncomplianceThis episode is part one of a two-part series on Form 1042 compliance for foreign students and scholars. Cherry Bekaert’s Not-for-Profit and International Tax teams help higher education institutions navigate complex withholding and reporting obligations while strengthening compliance processes.View all podcast in this series

November 21, 202523 min

Not-for-Profit Endowment Accounting: A Guide to Effective Fund Management

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 accountingDefinitions of significant terms for endowmentsFrequent endowment accounting mistakes and errorsOverview of underwater endowments, fund accounting and policy needsConsequences for endowment mismanagementEndowment oversight responsibilitiesBest practices and recommendations for accounting for endowmentsWhen 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

October 13, 202512 min

Aligning Finance and Fundraising for Success

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 mattersConsequences of misalignment with real-world examplesWhat good alignment looks likePractical tips for improving alignmentHow Cherry Bekaert’s CFO Advisory team is helping with this challengeResources for further learningWhen 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

May 5, 202514 min

Managing Not-for-Profit Endowments Effectively

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 OverhaulCloseoutsNavigating Endowment ChallengesHow 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

January 10, 20259 min

Not-for-Profit Accounting Advisory Success Stories

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 positionsWorking through common trouble areas for colleges and universitiesTackling technically complex tasks with limited capacityCreating tools for challenging accounting areasDeveloping plans for strategic growth for finance teamsOpening up resources for training and team readinessWorking with Cherry Bekaert’s NFP advisory team on a wide array of projectsOutcomes for specific organizations that worked with the NFP advisory teamCherry 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.View all podcast in this series

May 6, 202417 min

Sage Intacct: Your Solution for Nonprofit Accounting Processes

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 dataStop manually entering financial informationReduce accounting mistakesStreamline processesGain more time for tasks important to your not-for-profitAs 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 solutionsView all podcast in this series

April 9, 202418 min

How the Name, Image and Likeness Policy is Changing College Athletics

On campuses around the country, the name, image and likeness (NIL) policy is revolutionizing the way student-athletes can obtain benefits while attending a college or university. As of July 2021, student-athletes can enter NIL deals if they comply with state law and the NCAA’s rules. Essentially, NIL allows college athletes to monetize their personal brand by profiting from their name, image and likeness through various opportunities such as endorsements, sponsorships, social media posts and more. In the first episode of our NIL podcast series, Anthony Kocheron, an associate in Cherry Bekaert’s Government and Public Sector Advisory practice, is joined by Mit Winter, an attorney at Kennyhertz Perry who specializes in college sports law and has an extensive knowledge of NIL and its effects on college athletic departments. Tune in to learn more about: An introduction to the world of NIL, including:CollectivesEmployment StatusGoverning BodiesFactors that led to NILs current state in college athleticsHow college and university athletic departments are navigating the challenges of NILObservations of what athletic departments are and aren’t doing when it comes to change in college athleticsHow athletic departments are preparing for the future Benefits of having comprehensive polices and procedures in place within an athletic departmentOne key takeaway about NILDue to the ever-evolving NIL space, and the current and upcoming compliance challenges universities are facing, Cherry Bekaert has dedicated a team of professionals to track all there is to know about NIL. 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. Whether you are a Power Five or sub-division school, we have solutions tailored for you.View all podcast in this series

April 8, 202412 min

179D Energy-Efficient Commercial Buildings Deduction for Not-for-Profits

Section 179D Energy-Efficient Commercial Buildings Deduction (section 179D) is an energy tax deduction created to incentivize the adoption of clean solutions in commercial buildings. Originally intended for the commercial industry, not-for-profit organizations are now able to take advantage of this notable tax deduction if they invest in energy-efficient improvements. Since not-for-profits are tax-exempt, they can allocate the energy tax incentive to a taxpaying entity working on the structure renovations. Before applying for the Section 179D tax credit, it’s imperative to understand the solutions that make the most sense for your building and the potential deduction allocations you may be eligible to receive.Host Amy Dosik, Not-For-Profit Tax Practice Leader at Cherry Bekaert, is joined by special guests Martin Karamon, Tax Credits and Incentives Advisory Leader, Ed Vettel, Tax Credits and Incentives Senior Associate, and Andre Kohn, Energy Tax Credits and Incentives Senior Associate. Together they discuss the Section 179D energy efficient commercial building deduction and how not-for-profits and schools can benefit.As part of Cherry Bekaert’s Not-For-Profit podcast series, and the second episode in the energy tax credits and incentives mini-series, this episode covers:Section 179D backgroundDetermining eligibility for Section 179D Section 179D benefits Enhanced deduction requirementsMaximizing Section 179D opportunitiesCherry Bekaert’s Energy Tax Credits and Incentives team assesses the eligibility of your organization to receive business energy tax credits and incentives, so you can receive the maximum monetary benefit allotted. If your organization makes investments in clean energy advancements, then you may benefit from energy efficiency federal, state and local energy tax credits and incentives. If you have any questions specific to your needs, Cherry Bekaert’s Not-For-Profit group is available to discuss your situation with you.Related Resources:Podcast: Direct Pay for Not-for-ProfitsFactors to Consider When Seeking Cost Segregation and Section 179D Study Service ProvidersA Comprehensive Overview of Energy Tax Credits Under the Inflation Reduction Act of 2022View all podcast in this series

April 1, 202413 min

Direct Pay for Not-for-Profits

The Inflation Reduction Act of 2022 (IRA) opened the direct pay program for not-for-profit or tax-exempt organizations to qualify for energy tax credits if they were investing in clean energy solutions. Before the IRA, there were clean energy tax credits available to tax-paying entities to take advantage of, but tax-exempt organizations couldn’t reap any benefits when choosing to invest in energy enhancements. The Internal Revenue Service (IRS) often releases new guidance on energy tax credits and incentives concerning not-for-profit and tax-exempt organizations, so it is imperative to stay updated to prevent incorrectly filed tax applications. Host Amy Dosik, Not-For-Profit Tax Practice Leader at Cherry Bekaert is joined by special guests Martin Karamon, Tax Credits and Incentives Advisory Leader, Timothy Doran, Energy Tax Credits and Incentives Director, and David Mohimani, Tax Credits and Incentives Manager, to talk about the direct pay program for not-for-profit entities. As part of Cherry Bekaert’s Not-For-Profit podcast series, and the first episode in the energy tax credits and incentives mini-series, this episode covers:IRA overview Background on the direct pay programEnergy tax credit eligibility New IRS final regulationsApplication process for energy tax creditsDirect pay benefits Key discussion takeaways Cherry Bekaert’s Energy Tax Credits and Incentives team assesses the eligibility of your organization to receive business energy tax credits and incentives, so you can receive the maximum monetary benefit allotted. If your business makes investments in clean energy advancements, then you may benefit from energy efficiency federal, state, and local energy tax credits and incentives. If you have any questions specific to your business needs, Cherry Bekaert’s Not-For-Profit group is available to discuss your situation with you.Related Resources:IRS ERC Voluntary Disclosures ProgramUnderstanding IRS’ Voluntary Disclosures Program for Employee Retention Credit (ERC) ClaimsAnalyzing the Impact: Tax Relief for American Families and Workers Act of 2024Factors to Consider When Seeking Cost Segregation and Section 179D Study Service ProvidersUnderstanding the Inflation Reduction Act and Other Energy IncentivesView all podcast in this series

March 14, 202421 min

Top Trend Predictions for Not-for-Profits in 2024

Nonprofit organizations, from social services to trade associations and charter schools, play an essential role in supporting our communities. But these organizations often[HR1] face several challenges and restrictions when it comes to fulfilling their missions. Throughout [HR2] 2024, not-for-profit (NFP) organizations will have many opportunities to increase impact and streamline operations. Matthew Socha, Not-for-Profit Practice Leader, hosted John Fedus, Partner, and Amelia Crawford, Director, to look into their crystal balls and predict the top trends not-for-profits may experience this year. They explore a variety of themes, issues and opportunities that organizations face.The first of our NFP podcasts for 2024, this episode covers:Managing the lack of resources available to NFPsRemote workNFPs’ investment in technologyImproving donor experienceCollaboration with other nonprofitsArtificial intelligence (AI) for NFPsCherry Bekaert Can Guide You ForwardCherry Bekaert has a dedicated not-for-profit team with extensive experience in the industry. Many of our team members serve in a voluntary capacity on boards and give of their resources for the causes they feel strongly about. We have a clear sense of your priorities, goals and objectives and look forward to the opportunity to support your organization and mission.View All Podcasts in This SeriesView all podcast in this series