Nonprofit organizations are oftentimes counseled to have three to six months of cash reserves on hand, but operating funds usually carry a higher risk and less liquidity.
Many like the idea of matching donations and have for decades, and they've become a popular giving initiative, but there's more to it under the surface.
Public trust in charities is at risk and boards of directors are challenged to go beyond legal requirements to maintain the support of important stakeholders.
Harvard Business Review details how nonprofit organizations can restructure their board agendas to prioritize strategy at all times, not just intermittently.
Wild Apricot has created a guide for nonprofits wanting to create a financial plan at any stage and provides a sample nonprofit financial plan.
The Nonprofit Finance Fund has shared the first video in a three-part series on budget basics for nonprofits. The video covers creating a budget from scratch.
Propel Nonprofits has created a guide with strategies nonprofits can use to manage cash flow effectively and prevent shortages.
Blue Avocado has created some tips to help nonprofits successfully navigate unanticipated scenarios and has developed a tool for forecasting financial flexibility.
The Wallace Foundation has created a guide for nonprofits looking to strengthen their financial management to meet organizational goals and be accountable to stakeholders.
Propel Nonprofits has created twelve rules that nonprofits should consider for financing to build flexible and stable organizations.