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:
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.