Today’s environment of economic and political doubt is taking a toll on non-profit organizations and their donors. Non-profit leaders have three major levers at their removal when coming up with financial and investment decisions-what comes in (fundraising and capital campaigns), what goes out (spending) and what you do with what you have (asset allocation and investments). The doubt poses issues to pushing these levers and making strategic, long-term decisions and plans. To make successful financial decisions for your organization’s future, there are a variety of actions you can take.
Starting with determining your targets, use a powerful set of planning tools-such as operational or financial software solutions-to determine where your company should be in one year, five years and even further later on. Keep in mind what you can and cannot control, and focus your strongest efforts on everything you can control. Finally, determine whether or not working with the best consultant will help.
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Experts can show you during complicated situations, from focusing on your investment policy declaration to crafting ways that … Read more
