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Your Unrestricted Funds Need Stewardship, Too

Blackbaud

All in unrestricted funds with no reporting necessary. While nonprofits will hopefully see an increase in unrestricted funds—and a decrease in burdensome reporting requirements—as part of this and other movements, good nonprofit accounting principles still apply. What Are Restricted Funds? What are Unrestricted Funds?

Funding 111
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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Like an emergency fund for your organization, an operating reserve allows you time to make data-driven decisions instead of having to react immediately.

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Philanthropy Officers and Grant Professionals

Grant Professionals Association

What you hear is, “We would be happy to fund that. What you do as a successful individual giving officer is, sit in front of a blinking cursor and a screen full of empty boxes that ask for outcome metrics. I will send you a link to our online portal this afternoon. This is the most important precedent a philanthropy leader can set.

Grants 59
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Which Fundraising Events Bring in the Most Money for Small Nonprofits?

Get Fully Funded

A very common “go-to” funding idea for small nonprofits is fundraising events. They’re transactional by nature and not a good long-term solution for funding. Diverse funding streams are the key to success. A good speaker with an emotionally powerful story can engage donors and sway them to help fund your mission.

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Fundraising With a Positive Return: 3 Accounting Practices

The Fundraising Coach

You raise money to directly fund and support your various programs and projects. For instance, you may have different funding goals associated with donations, merchandise sales, and other revenue streams. Consider the metrics that will best help your organization grow its fundraising over time. Average donation size.

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Building Resilient Funding Models: Essential Tips for Nonprofit Finance Professionals

Blackbaud

Finance plays a crucial role in building a sustainable and scalable funding strategy. By actively bringing together different departments and leading discussions around revenue diversification, you can set measurable goals, evaluate the ROI of each funding source, and make informed decisions about where to invest time and resources.

Finance 98
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Accounting: Data Behind Functional Expense Reporting

The NonProfit Times

This categorization allows nonprofit managers to demonstrate how funds are spent across activities and is essential for transparency and accountability. This categorization enables financial managers to demonstrate to donors, grantmakers, and regulatory bodies how funds are being used to advance their mission. The occupancy costs (i.e.,