Nonprofits charged with misappropriating funds get plenty of attention in the news. But now, the budget amount that your board of directors saves is coming under scrutiny too.
It’s wise to reserve funds for when your nonprofit’s board members or budget managers are in a tight spot. But save too much and your organization may come under fire for hoarding your fundraised dollars.
Read the article below for an interesting discussion of what justifies the accumulation of nonprofit assets and what doesn’t.
How Much is Enough? [Philanthropy Journal]