VIDEO Q&A for Subscribers: June 2026
Ben and Mike answer questions from subscribers about budget preparation during periods of transition, policies prohibiting Board members from accepting personal gifts from vendors, writing off old inventory, and whether a Form 1099 must be issued for expense reimbursements that are lacking receipts.
PREVIEW SHORTER CLIP:
FULL 30-MINUTE VIDEO:
CHAPTERS
00:00 - Intro
00:35 - How to approach budget preparation during periods of transition
08:39 - Whether Board members should be prohibited from accepting personal gifts from vendors
09:07 - The difference between a charitable gift acceptance policy and a policy against Board members and staff accepting personal gifts
17:33 - How to deal with writing off older inventory
23:44 - Whether 1099s be issued for expense reimbursements when Board members fail to provide receipts
FURTHER READING
Funding Pipeline Reports Are Essential in a Changing World
Building a Contingency Plan for an Unexpected CEO Departure
Why Gift Acceptance Policies are Important and Must Be Periodically Reviewed and Updated
