Keeping reserves for a "rainy day" is a good practice for all nonprofit institutions, but how much should your organization set aside? A percentage of annual budget? Three-to-six months? Our answer is: it depends. Each nonprofit is unique and can experience distinct unexpected circumstances that may affect its long-term financial health.
This session will focus on how to conduct a risk assessment that will assist your nonprofit in quantifying financial risks and opportunities. Once completed, this risk assessment aims to assist in finding the appropriate reserve level for your unique organization.
Whether you are in the initial phases of creating your nest egg or revaluating longstanding reserve levels, this session is for you.
Presenters: Mark Murphy, Chief Investment Officer, Raffa Wealth Management
Fields of Study: Specialized Knowledge
Amount of Recommended CPE: 2 hours
Type of Delivery Met hod: Group-Live
Learning Objectives: Better understand what levels of reserves other organizations are maintaining. A clear, objective process to determine the right amount of funds held in reserve for your organization.
Program Level: Basic
Advanced preparation: NONE.