Monday, June 23, 2014

Operating Reserves

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:

Note: You must be an AFP member to access the Fundraising Dictionary Online.

The following articles contain information about operating reserve policies and related material:

      Operating Reserve Policy Toolkit for Nonprofit Organizations -Sector Source  
     Operating Reserves | Sustainability | Nonprofit Management ...
     Operating Reserve Policy Toolkit -
     Operating Reserves Policy - Nonprofits Assistance Fund
     Nonprofit Fiscal Policies & Procedures - Compass Point ...
     Operating Reserve and Investment Policy - Colorado Nonprofit
     About Operating Reserves for Nonprofits | Nonprofit ...

     Operating Reserves - National Council of Nonprofits

Readers may also wish to consult the following book available for sale in the AFP online store:

Developing Fundraising Policies and Procedures, Best Practices for Accountability and Transparency


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