Reserving for Sustainability: Making a Case for Building Nonprofit Operating Reserves (Blackbaud)
No one wants to live paycheck-to-paycheck in their personal life, so why do we ask not-for-profits to do the same and call it good fiduciary responsibility? Bess Hamilton Foley is an operating reserves champion and expert. We’ve asked Bess to make the case for why operating reserves play a vital role in building an organization’s long-term sustainability, explain how to calculate what to hold in reserves (including a baseline recommendation), outline the factors that can impact your reserves, provide steps for developing an operating reserve policy, and share tips for communicating with your funders, donors, and board about your reserves.
For more information and to register, visit: https://www.blackbaud.com/events/webinars