Unrestricted funds: The stairway to flexibility

Description

Abstract: Charitable organizations need cash to carry out their daily operations. And having an adequate and steady stream of funds without strings attached — also known as “unrestricted funds” — is the best way to keep a charity’s operations and programs strong and sustainable. But securing such funds isn’t easy in an environment of public sensitivity toward nonprofits that spend too much money on administrative costs. This article offers advice, while a sidebar describes three categories of funds.