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Not-for-profit reserves — What’s the right amount for my organization?
January 23 @ 2:00 pm – 3:00 pm EST
Over the past years, not-for-profit organizations have experienced significant shifts and tumult in their operating environments. COVID-19 lockdowns, federal legislation and funding programs, performance of financial markets, the war for talent, and inflation, among many other factors, have influenced how not-for-profit organizations operate, allocate resources, plan, and pursue mission objectives. Generic rules of thumb would say that six months of operating expenses is the “right” amount of reserves for a nonprofit; however, this guidance has various limitations and has been of disservice to nonprofits for many years.
Join us for an interactive discussion regarding the importance and benefits of a more thoughtful and detailed reserves planning approach, key considerations when formulating a reserves policy, reserves planning’s intersection with long-range financial planning, and the importance of messaging your approach to organizational stakeholders.
Date and time
Tuesday, January 23, 2024 2:00 PM ET – 3:00 PM ET
Recommended CPE credits
1
Learning objectives
- Define why reserves planning is an important topic for not-for-profit organizations
- Identify the various benefits associated with adopting a more refined approach to reserves planning
- Cite the uses of reserves to help nonprofits ensure continuity to ongoing operations and more effectively position for the future
