Own Your Finances

February 01, 2018
One of the important (and sometimes overwhelming!) responsibilities of nonprofit leadership is financial management. Strong financial practices are essential for organizational sustainability, and stewarding assets and resources. Healthy financial management practices build stability and flexibility for the known of today and the unknown of tomorrow.

While financial management is important, it does not need to be overwhelming! The Wallace Foundation has compiled resources in four key areas of nonprofit financial management: 1) planning 2) monitoring 3) operations, and 4) governance.

In addition to solid ongoing financial management practices, staying on top of changes in legislation and tax law is important. The National Council of Nonprofits has compiled a 2018 Tax Law Checklist for Nonprofits that breaks down recent changes and implications for organizations and employees. The Council compiled additional resources on How the New Federal Law Impacts Charitable Nonprofits if you want even more information.

CNE, in partnership with the CFA Institute, also offers programs for nonprofits through the Finance Academy. There are two trainings scheduled for this month:

Keep your eye on our training schedule for more to come in the Finance Academy and for other interesting topics. And remember, we are here to help!

CNE’s Finance Academy is developed in partnership with CFA Institute.

CNE is excited to launch 7 Actionable Principles for a Strong Social Sector!

We encourage you to check out the site and you can find a recording of our launch town hall here.

CNE Members: Schedule a complimentary hour of support and coaching around the 7 Actionable Principles here.