Last week we talked about the role fiscal sponsors play in the nonprofit world and why they are the right model for some organizations. Today, we’re exploring the world of being a fiscal sponsor. Should your organization think about serving…
Often I hear comments about the financial cost (service fees) of being a fiscally sponsored project. I hear organizations say that they could do the work more cheaply themselves. That they could save money by keeping all of the…
Boards of Directors love to form committees. Committees can efficiently and effectively complete the work of the board. In some cases, that arrangement and construct makes perfect sense. Here’s one that doesn’t. The Finance Committee. Shocked? It’s not that…
This message is for funders. Listen up. I know that you are rarely told what to do by grantees. That wouldn’t be prudent. And other funders would never suggest how you should run your foundation. So I am stepping…
If you've built your reserves and now have some cash to invest in CDs, this spreadsheet can help you manage the timing of those investments. Make sure to keep about 3 months of cash on hand while putting the…
This is part 3 of the 3 Keys to Financial Health series. You can read part 1, Don't Borrow from Your Future here and part 2, Build Reserves in Good Times to Use in Hard Times here. 3) Your…
This is part 2 of the 3 Keys to Financial Health series. You can read part 1, Don't Borrow from Your Future here. 2) Build reserves in good times, so that you can use them in hard times. But…
The financial health of your organization remains at the core of your work. Not because money makes the world go round. But because without it you will be spending your time filling the funding gaps and chasing cash. Instead…
As the nation celebrates Dr. Martin Luther King, Jr.,’s birthday, the media will rain his words from the “I Have a Dream” speech down upon us like water. Words about racial justice. About deliverance. Words from the scriptures. Toward…