A case for cash reserves.  

Peter Brinckerhoff wrote a great blog post that discusses cash reserves, Smart Stewardship, and how CASH = OXYGEN. Take a look and consider how your organization can benefit from Smart Stewardship.

A quote from Peter’s blog:

CASH = OXYGEN. Cash buys you time to think, is insurance against funding cutbacks, let’s you sleep at night assured you can make rent at the beginning of the month. Cash lets you manage rather than just survive.

The Foundation established a grantmaking reserve fund after the market crash in 2008/9. In the event of a financial downturn, we can utilize funds from the reserve to continue awarding Legacy grants. If you would like to talk about how to develop a cash reserve fund, give us a call. We are happy to help.