There’s more speculation about recession out there. According to the Bureau of Economic activity, US Gross Domestic Product (GDP), a measure of economic output, the US grew at a rate of 1.1% the first three months of 2023. This is a decrease from the last quarter of 2022. Which was a decrease from the quarter before. Seeing a trend? Nonprofits are bracing for the double threat of increased demand from their Read More
The Ideal Nonprofit Lifeline: An Unrestricted Restricted Gift
A Development Officer friend of mine called me with a strange request. Could I please help an nonprofit Executive Director decide what to do with a six-figure donation? It’s not often nonprofit leaders don’t know what to do with a large gift. But this gift had a unique restriction. The money must be allocated to an account reserved for emergencies or unplanned incidents, whatever they may be; an unrestricted, Read More
Help a Nonprofit Hit a Homerun: The Case for Unrestricted Donations
Heather used to display a baseball bat proudly in her office cubicle. She was hardly the sporting type, so I finally asked her about it. She explained she’d been awarded the bat, along with a monetary bonus, by participating in a company program called “Homerun” that challenged back-office staff to demonstrate how a weakness in their department could lead to poor client service. Those who effectively proved the case Read More
