Cash Reserves – Discover Ways to Better Manage Your Cash

Managing cash reserves is one of the most important functions of an organization, and nonprofits are no exception. Churches and ministries are entrusted with great vision that require resources critical to their ongoing work without interruption. Unfortunately, many organizations don’t put much thought into managing their cash reserves to maximize earnings while also ensuring there is enough for their operations.

Our next webinar will explore good practices for managing cash reserves in your nonprofit organization. Zach Hamilton with Alterra Advisors will be our guest speaker to address this important topic. Zach is a Certified Financial Planner and Partner at Alterra Advisors in Bellevue, WA, with years of experience in the financial services sector. He will share some helpful tools as well as practical knowledge on how to manage cash effectively and responsibly in your nonprofit organization.

This upcoming webinar will be held on Wednesday, April 30, 2024, at 1 pm. We will explore:

• Managing Cash Reserves
  • How much cash should be available for operations?
  • Is it appropriate to invest operating cash in a higher-yield instrument?
    • What about donor-restricted funds? Should those be invested in a higher-yield investment instrument?
  • If so, what is recommended, and how much risk is appropriate?
  • What good options are there for placing cash that is safe and produces higher yields than a checking or savings account? Are they accessible when needed?

• Donations – Other Options Besides Cash
  • We’ll visit other non-cash donation types and their advantages to the donor and the nonprofit organization.
  • How to encourage your donors to create a financial plan for present and future donations.
  • What tax advantages are there for donors giving non-cash donations?
  • Explore how to develop a culture of generosity in your organization.

To register for this free 1-hour webinar, click on this link. If you want to see it but cannot attend the live event, please register, and we will send you a link to the recorded webinar afterward for you to view at your convenience.

Note: CPE Credit is available for those who attend the live webinar.

Webinar CPE info:

• Prerequisites and Preparation: None
• Designed for ministry managers and boards to provide a basic understanding of managing cash flow and reserves.
• CPE credit: 1 hour, Technical
• Format: Live webinar presentation