7 Step Policy Guide for Creating Operating Reserves
Establishing and documenting a formal reserves policy is a best practice that should be adopted by all nonprofits.
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Establishing and documenting a formal reserves policy is a best practice that should be adopted by all nonprofits.
There has long been a popular misconception—if a nonprofit has money, it must not need money. However, “not-for-profit” does not mean “no surpluses allowed.”
