Nonprofits that are fortunate enough to have extra money in the bank are often reluctant to part with it, especially if they’ve been through hard times recently – a recession, or the current pandemic – and income streams have dried up.
That’s normal. Nonprofits are run by humans, after all, and as humans we have been conditioned to save for a rainy day. Indeed, it’s good nonprofit stewardship to have enough in reserve to cove...