This blog features questions from AFP members as well as FAQ's from the AFP Fundraising Resource Center.
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The AFP Fundraising Dictionary defines reserves as "assets set aside that usually represent a percentage of an organization’s operating budget for an emergency or other use." An operating reserve may be thought of as a "rainy day" fund--assets set aside to cover unforeseen expenses that may arise. Compare: CONTINGENCY FUND
Members may find the AFP Fundraising Dictionary Online at: