March 25, 2022
Reserve funds can be a key financial piece of the puzzle as a nonprofit seeks financial resiliency. But what exactly are reserve funds? Simply put, reserve funds are unrestricted funds set aside from normal operating funds for the nonprofit. It’s an organization’s savings account. Developing healthy reserves is a key financial milestone to building a sound, sustainable organization. It should be one of the first priorities when gaining maturity and moving past the scarcity mindset. […]