This webinar is for individuals new to financial management, fiscal strategy, budget development and/or exploring the basic concepts of nonprofit operating reserves.
Participants will leave with
- Reasons for building reserves
- Understanding potential unintended consequences to having reserves
- Planning ideas for reserves
- Strategies and resources for implementing and maintaining reserves
Further Reading
- Policy Examples, Propel Nonprofits
- Operating Reserves for Nonprofits, National Council of Nonprofits
- How to Develop your Nonprofit Operating Reserves, Blackbaud blog
Related Resources
Operating Reserves: Why to Have One, How to Build One, and a Sample Policy to Start from
This resource walks through the purpose of and common obstacles to creating an Operating Reserve and lays out a clear path & sample policy to achieve it.
Considerations and support for US Election
As the elections draw closer, many leaders are faced with questions about how to handle the corresponding increase in stress of their teams. While there is certainly no “one-size-fits-all-approach” to how to support your people and mission, history has taught us a lot. There are different phases to election season and each offers unique opportunities to address the needs of your people, your program, and your finances. This memo shares TREC’s suggestions on how to prepare for this election season in the lead-up to the election, until the results are known, and once the results are clear.
Planning for Uncertainty
This tutorial walks you through critical steps and scenario planning to take now to prepare during uncertain times such as the COVID-19 pandemic.