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Analyzing Budgets and Saving Money at a Nonprofit

Get Fully Funded

Speak with your accountant to explore what “contract positions” entail. It might be possible to keep staff members on a contract basis until your organization can sustain employees long-term. Service Contracts – Don’t forget to reassess annual service contracts. But you can’t avoid it.

Budget 98
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How to Build a Better Nonprofit Budget in Less Time and with Less Stress

Blackbaud

Work with the heads of each department to analyze expense history, review contracts for any automatic expense increases, and evaluate the strategic plan for any additional expenses to include. These are set costs like headquarters rent, insurance, and administrative salaries.

Budget 119
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Planned Gifts: A Quick Guide To Help Nonprofits Raise More

The Fundraising Coach

Charitable gift annuities (CGAs): CGAs are contracts between a donor and a nonprofit. Life insurance: Donors can name a nonprofit as the beneficiary of a life insurance policy. The donor makes a gift of cash or property, and in exchange, they receive a fixed lifetime income stream.

CRM 52