Nine Clever Ways to Thank Your Donors
I came across this great reminder of simple but important ways to thank and communicate to donors from Nonprofit Marketing Guide. I especially love this suggestion: “Write a Greeting Card, Not a... [read more]
Important Reminders about Transporting Money across Borders
It is common for ministries to transport U.S. dollars internationally for ministry work. When doing so, it is important to follow... [read more]
How to Budget in a Changing Economy
For years, budget planning followed the same pattern for many ministries: Review last year’s budget, gather all wish lists, and increase the budget accordingly. Then we were hit with the... [read more]
Cash Reserves: How Much Is Enough?
Knowing how much liquid cash to keep on hand is difficult, but there are steps you can take to determine the appropriate liquidity for... [read more]
The Upside of Unpredictable Revenue
Three ministries—each impacted differently by the economy. We asked them how changes in revenue have affected their financial management, and the impact those decisions have had on their ministry. Whether income increased, decreased, or remained stable, a... [read more]
Enrollment is down. Now what?
For most Christian schools, enrollment looks different today than it did a few years ago. We asked several leaders from schools like yours, along with a director at Association of Christian Schools International (ACSI), for tips on what you can implement today to bring your income back up—without relying solely on additional tuition. Here’s what we learned. Reduce, rather than eliminate. An obvious way to compensate for decreased revenue is to make budget cuts. However, rather... [read more]