Last week, I presented the first session in a three-part Nonprofit Finance Series, hosted by the Arlington Chamber of Commerce. The Series covers topics near and dear to nonprofits – protecting donations, avoiding hidden costs of grant management, and talking finances with the Board.
In the session about protecting donations, I shared tips and best practices for nonprofits to fulfill their fiduciary responsibility for donor funds. I described cost-effective processes to control and verify funds that nonprofits work so hard to raise.
I can’t fit everything I talked about in one post, so this week is Part One — a cost-efficient approach to protecting donations. Next week, I’ll cover the rest in Part Two – best practices for protecting donations.
Continue reading “Protecting Nonprofit Donations – Part One”