Improving Understanding of Nonprofit Financials
February 18, 2010
This program consisted of two sessions:
The first being Linking Money to Mission. A skill-building workshop that taught workshop participants to read between the lines and comprehend the story behind the numbers. With a foundation's investments on the line, reading financial statements is a critical part of a grantmaker's job. Participants reviewed financial statements from sample grantees to learn what grantmakers should consider when reviewing nonprofit financials, including: what to look for in financial statements (beyond the basics), the importance of capital structure, how to measure and benchmark nonprofit liquidity, and the financial effects of facilities, growth, and endowments.
The second session (which is represented on the video) was titled Funder Role in Ensuring Financially Stable Nonprofits. This presentation introduced a new framework for understanding philanthropic investments in nonprofits which distinguishes between building an enterprise versus buying from an enterprise. It also highlighted strategies funders can use to enhance nonprofit sustainability.
Speakers:
David Greco is Vice President for the Western Region of the Nonprofit Finance Fund (NFF)
Nicole Simoneaux is a Senior Associate at the Nonprofit Financial Fund
Thanks to the Virginia G. Piper Charitable Trust for sponsoring this program.
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