- 90 min run time.
Session Recording from the 2017 AFP International Conference.
Worth 1.5 CFRE CE Credits.
Speaker Brian Bonde, ACFRE, Janet Brown, MPA
Description: For too long in the nonprofit sector, we have fooled ourselves into thinking that breaking even at the end of the year meant success. Or that we need an endowment as we struggle to pay the bills. We will step back and challenge these too-long-held assumptions, challenging how flawed planning, communications and funding norms perpetuate our broken business models. Proper capitalization not only allows us to operate day-to-day, but gives a chance to take a risk and seize opportunity. It allows us to weather change and recover from the storm. Capital supports acquisitions or upgrades and helps us meet future facility and equipment needs. Grantmakers in the Arts has researched how under-capitalization is causing the chronic weakness that undermines the vitality of our sector. They have convened 600 organizations in fourteen cities around the country to test their model and emphasize that capitalization is the means to nonprofit success.