As a nonprofit organization, you don’t want to spend too much of your portfolio now, robbing future generations of the benefits of your mission. At the same time, you want to spend enough to have impact today.
So, how can you find a spending policy that will provide a good balance between the two?
Find out in this episode, as Devon Francis joins Bob DiMeo to share her extensive knowledge on the ins and outs of spending policy. Devon highlights the importance of meaningful spending policies and breaks down ways you can determine the right policy for your charitable organization’s endowment or foundation portfolio.
In this episode, you will learn:
- Why nonprofits need a spending policy
- Different types of spending policies and their benefits and drawbacks
- How COVID-19 is altering nonprofit spending
- How to find the right policy for your organization
- And more!
Tune in now to learn the ins and outs of spending policies and how they can strengthen your charitable organization!