Nonprofit Financial Resilience: Understanding “Full Costs” and Dialogue on Post-COVID Recovery

Nonprofit Financial Resilience: Understanding “Full Costs” and Dialogue on Post-COVID Recovery

This two-part program is designed to strengthen the financial resilience of nonprofit organizations in North Carolina. Intended for both funders and nonprofit leaders, the program will begin with an introduction to the concept of “full cost” funding and budgeting as strategies to support nonprofit financial health. Full cost goes beyond programmatic budgeting to include things like having working capital to pay bills on time and having reserves to manage risks or opportunities. Building on this foundation, participants will then engage in a dialogue around recommendations for post-COVID recovery and rebuilding that advance equity in the nonprofit sector.

In this session, participants will:

  • Review the challenges of nonprofit finance and implications of the “flawed system”
  • Define components of full cost and explore how to prioritize full cost needs
  • Gain language to name and claim the full cost needs of an organization
  • Examine NFF’s recommendations from a report to LA County leaders to ensure post-COVID recovery efforts center the most impacted communities
  • Engage in dialogue to unpack the barriers and opportunities around these recommendations
  • Participate in group discussion on ways to take meaningful action locally

 

This workshop is made possible by the BlueCross BlueShield Foundation, The John Rex Endowment and Langdon & Co.

 


 Return to Schedule

Trella Walker
Vice President and Chief Strategy Officer, Team Leader, SIEC
Claire Knowlton
Director, Advisory Services
Event Details
  • Days
    Hours
    Min
    Sec
  • Start Date
    December 8, 2020 12:00 pm
  • End Date
    December 8, 2020 3:00 pm
  • Status
    Upcoming
Sponsors