If there is anything a two-year global health and economic crisis has shown nonprofits is that financial stability is fragile. Even with good nonprofit financial planning, organizations survive on the thinnest of margins, focusing all resources on the philanthropic mission, often with very little wiggle room to maneuver out of a emergency. An untimely mistake or an unanticipated loss can require a sufficient cash Read More
What’s on the Fixed Income Menu: An Array of Solutions for Nonprofit Reserves
Imagine a toolbox with only one tool: a hammer. The hammer is versatile for projects big and small, but if you’re building a house, as we all know, a toolbox with a lonely hammer won’t get the job done. In the same way, building a financially resilient nonprofit needs a variety of financial planning tools to fund the philanthropic mission. Yet several small to midsized nonprofits park all their funds—whether for Read More