SB2 Philanthropy Symposium Speakers Tell Nonprofits to Value Themselves
“We forget that nonprofits are also businesses,” says Perwaiz. “They have overhead.” And though many donors have expectations that every dollar given should go to a specific program or direct service, she says, the fact is that a professional staff needs to be paid professional wages in order to address continued issues of high turnover. In other words, there needs to be an investment in the organization and its people, not only the service it provides. Most nonprofits, she notes, do not even have 90-day reserves in case of economic hardship. Moore agrees.Read more here.