Many nonprofit leaders struggle with an age-old question: “How much should a nonprofit organization maintain in reserves?” A number of factors work against developing reserves: the pressures to enhance spending on program services in each operating cycle, using donor funds for current projects, and budgeting for break-even operating periods. Yet, developing prudent reserves can lead to more effective programs and an increased ability to successfully carry out your organization’s mission.
This recorded webinar will provide you with knowledge and insight to help you understand the purpose of reserves, common misconceptions, and how to develop reserves and explain them to stakeholders.
At the end of this session, you will be able to:
- Define reserves and identify common misconceptions
- Recognize the importance of reserves
- Identify how to develop a reserve policy
- Articulate the importance of reserves to stakeholders
Who should attend
This session is designed for executive directors, CEOs, CFOs, board members, controllers, financial managers, treasurers, and other nonprofit decision makers.