Nonprofits have the power to do amazing things for the communities they serve, but like all endeavors, they require funding. Traditional fundraising is a necessary part of continuing day-to-day functions, but you’ve likely already experienced the challenges of maintaining a steady stream of donations. Endowments are not only critically important for the sustainability and growth of nonprofit organizations, but they Read More
Nonprofit Risk Management: Expect the Unexpected
A large institution that provides hundreds of millions of dollars in grants every year shared a secret with me. They would be reevaluating nearly 1,000 recurring grants to determine whether their nonprofit recipients were fiscally and operationally sound enough to carry out their intended impact. In other words, nonprofits that have been counting on a large grant year after year might get nothing very soon. True Read More
Endowment Management: Financial Roles on a Nonprofit Board
As a volunteer fundraiser and nonprofit board director, I have seen first-hand how the lack of understanding or definition of board members' roles, specifically Finance Chair or Board Treasurer, can impact endowment management. Part of the challenge comes from a lack of role clarity for board members. I recall how I was recruited to a nonprofit board many years ago and was very excited to get started since I was so Read More
Nonprofit Investing: Growing After a Major Gift
It's a dream come true After years of planning and managing a well-crafted fundraising campaign, your nonprofit lands a game-changing, million-dollar, unrestricted gift. Or maybe it’s an accumulation of smaller donations that develops into a pool of cash many times greater than the nonprofit’s annual budget. While you’d think such an opportunity would launch a flurry of activity to deploy those funds, we’ve found Read More
