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Event type:
ON-DEMAND WEBCAST
Event location:
Online
Recommended CPE Credits:
Please note: CPE credits are not awarded for webcast replay.
Event audience:
C-Suite leaders, Board members, and finance executives of not-for-profit organizations
Event contact details:
Not-for-profit reserves — What's the right amount for my organization?
Event Description
Over the past years, not-for-profit organizations have experienced significant shifts and tumult in their operating environments. COVID-19 lockdowns, federal legislation and funding programs, performance of financial markets, the war for talent, and inflation, among many other factors, have influenced how not-for-profit organizations operate, allocate resources, plan, and pursue mission objectives. Generic rules of thumb would say that six months of operating expenses is the "right" amount of reserves for a nonprofit; however, this guidance has various limitations and has been of disservice to nonprofits for many years.
Join us for an interactive discussion regarding the importance and benefits of a more thoughtful and detailed reserves planning approach, key considerations when formulating a reserves policy, reserves planning's intersection with long-range financial planning, and the importance of messaging your approach to organizational stakeholders.
Date and time
Original broadcast, Tuesday, January 23, 2024
2:00 PM ET - 3:00 PM ET
Recommended CPE credits
Please note: CPE credits are not awarded for webcast replay.
Learning objectives
- Define why reserves planning is an important topic for not-for-profit organizations
- Identify the various benefits associated with adopting a more refined approach to reserves planning
- Cite the uses of reserves to help nonprofits ensure continuity to ongoing operations and more effectively position for the future
Grant Thornton speakers:
Daniel Romano
Principal, Tax Services, Not-for-Profit & Higher Education Industries
Grant Thornton Advisors LLC
Dan is a partner and leads Grant Thornton’s Notfor-Profit Tax practice which serves tax-exempt organizations including colleges & universities, hospitals, private foundations, cultural institutions & trade associations throughout the country.
New York, New York
Industries
- Not-for-profit & higher education
Service Experience
- Tax
Joseph Mulligan
Principal, Growth Advisory Services,
Grant Thornton Advisors LLC
Joe is a Principal with Grant Thornton's Advisory Services practice. In this capacity, Joe partners with leaders, including boards, committees, and management that aspire to enhance the attainment of organizational, mission and financial objectives.
Iselin, New Jersey
Industries
- Not-for-profit & higher education
Service Experience
- Advisory
- Commercial and growth
- Growth and transformation
- Operations and performance
- Finance modernization
- Technology transformation
- Restructuring and turnaround
- Transaction advisory
Recommend field of study
Business Management and Organization
Program level
Overview
Prerequisite
N/A
Delivery method
Group - Internet
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