There have been many articles and headlines in the recent weeks about the challenges nonprofit organizations are facing to meet operating costs and close the widening financial gap. According to the report by the Human Services Council entitled New York Nonprofits in the Aftermath of FEGS, one of the reasons is:
“Government contracts and philanthropic grants rarely cover operating costs and payment is often late and unpredictable, resulting in cash flow obstacles and chronic underfunding.”
To understand this issue Claire Knowlton, Director in Advisory Service at the Nonprofit Finance Fund, led a webinar titled, “Why Funding Overhead Is Not the Real Issue: The Case to Cover Full Costs”. Click here to view full webinar.
