The GFAS standards address financial stability, and recommend that sanctuaries establish anoperating reserve. But how do you define, promote and build operating reserves at your organization?
Our presenter is Bess Foley, chair of the Nonprofit Operating Reserves Initiative (NORI) Workgroup. In this webinar, she addresses:
- *Making the case for having an operating reserve
- *Factors for determining an appropriate amount
- *Strategies for funding a reserve
- *Guidelines for developing policies/procedures for managing a reserve and more!