Blog
New York’s Cybersecurity Overhaul: What Municipalities and Nonprofits Need to Know
In a digital world, cybersecurity isn’t just an IT concern—it’s a governance responsibility. New legislation from New York State, introduced in April 2025, is reshaping how municipal and public entities prepare for and respond to cyber threats. Here’s what you need to...
The Role of Your Audit Committee — and Why the CFO Can’t Be on It
For many nonprofits, the audit committee may seem like a formality—just another box to check during annual reporting season. But in reality, your audit committee plays a critical role in maintaining financial integrity, public trust, and legal compliance. And if your...
Donor Privacy Laws: What Every Nonprofit in New York and Virginia Needs toKnow
In today’s digital age, donor trust is everything. Whether you're a grassroots nonprofit or a multimillion-dollar foundation, your supporters want to know one thing: Is my personal and financial information safe with you? Donor privacy laws—at both the federal and...
Cybersecurity Client Alert
Many nonprofits deal with sensitive data and personally identifiable information, making them targets to cyber-attacks. As a result, it is important that nonprofit organizations protect their systems, networks, and programs from digital attacks through the practice of...
How Nonprofits Can Develop an AI Policy: A Step-by-Step Guide
In today's AI-powered world, nonprofits must develop a clear AI policy to ensure ethical, effective, and responsible use of artificial intelligence. AI can streamline operations, improve donor engagement, and enhance service delivery, but without proper governance, it...
How Nonprofits Can Adapt to Policy Changes Affecting Funding and Operations
Nonprofits play a critical role in addressing societal needs, often relying on government funding, grants, and loans to sustain their operations. However, recent policy shifts and federal funding freezes have created significant uncertainty, leaving organizations...
The Trump Administration’s Effect on the Nonprofit Sector
President Trump’s administration has brought about uncertainty for many in the non-profit sector. Based on recent Executive Orders (“EO”), organizations may experience limits or changes in federal funding & disbursement, the regulatory environment, investigation...
Endowments, Investments and the New York Prudent Management of Institutional Funds Act
We’re excited to invite you to an upcoming webinar hosted by Hedgeman Law Firm: Event: Endowments, Investments, and the New York Prudent Management of Institutional Funds Act Where: Online (via Zoom) Date: March 13, 2025 Time: 11:00 AM This...
Financial Fiduciary Duties of Board Members
January 9, 2025, 11 am - 1 pm Speakers: Stephen Martini and Catherine M. Hedgeman. Topics include: Review of essential financial reports 7 Characteristics of Financially Healthy Nonprofits Duties of the Board and Finance Committee about Financial Governance and...
Governor Hochul Vetoes Bill Aimed at Supporting New York Nonprofits: What This Means for Your Organization
Recently, Governor Kathy Hochul vetoed legislation that would have eased financial burdens for nonprofit organizations in New York State. The bill, widely supported by nonprofit leaders, aimed to streamline reimbursement processes for organizations contracted to...