This program is designed to strengthen the financial resilience of nonprofit organizations in North Carolina. Intended for both funders and nonprofit leaders, the program will begin with an introduction to the concept of “full cost” funding and budgeting as strategies to support nonprofit financial health. Full cost goes beyond programmatic budgeting to include things like having working capital to pay bills on time and having reserves to manage risks or opportunities.
Alyson Stoffer, Director of Development, TLC and President, AFP Triangle
Eight months ago, I became a new director of development. The timing was great. I had a month and a half under my belt at the beginning of a pandemic where the next days and months were certain and manageable. Just in time to start putting together my first budget, inclusive of what to do about our organization’s largest source of philanthropic dollars: in-person events. Everything was fine.
Jeanne Tedrow, President & CEO, North Carolina Center for Nonprofits
Managing a nonprofit’s finances is no small or easy task. Nonprofits and those who seek to do good while making a difference in our communities are to be commended for their ability to manage resources and revenue. More often than not, nonprofits make a way when many would say there appears to be no way. To make things happen for the good, they become creative as they leverage financial support with in-kind donations and volunteer labor.
Jeanne Tedrow, President and CEO, of North Carolina Center for Nonprofits.
Imagine a customer walking into a pizza shop to order a pizza, then only wanting to pay for the ingredients – flour, sauce, toppings, cheese. (See Pizza and a Laugh ‒ A Reminder about Your Nonprofit Financial Stress Level, Nonprofit Quarterly, December 18, 2018.)
When has it ever been easy to secure funding for rural communities? Is there a way to level the playing field so rural nonprofits as well as small towns and counties/boroughs can compete for both government and private sector grants? What are the other options for financially supporting a rural project whether you are a nonprofit or local government? Are collaborative efforts worth the effort? And, of course the biggest question: Who is funding rural America? During this webinar, Cynthia Adams, CEO of GrantStation, answers these and other questions as well as current trends.
Small and under-resourced nonprofits are watching major gifts leave their communities and go to national organizations and universities. Meanwhile, almost every county in North Carolina is served by at least one community foundation that is working with these same nonprofits to build and manage endowment funds for local causes. This webinar explores:
A basic overview of endowments: what they are, who gives to them, and what types of assets can be given