AN NPQ CLASSIC:
There is a world of difference between financial management and financial leadership, and refocusing your approach from fiscal management to fiscal sustainability gets you there. Outlined in this expert guide are such essential steps as: transforming your annual budget analysis; deciding whether or not income diversification is the way to go; achieving a robust reserve; and equipping your board for effective financial governance.
Could a $1 million challenge grant be a bad idea? If your organization isn’t staffed to raise the match, or if the grant comes with too many restrictions, it could do more harm than good. Understanding your capital structure is key to making wise decisions about any major change to your balance sheet. Clara Miller explains the elements of capital structure and why this often-overlooked element of financial planning deserves greater attention.