• How implementing a reserves policy can help your not for profit organisation
Article:

How implementing a reserves policy can help your not for profit organisation

02 October 2016

Original content provided by BDO New Zealand

Introduction

Among New Zealand’s 97,000(i) Not for Profit (NFP) organisations is a wide diversity of structures, employees and volunteers, and perhaps most importantly, causes supported.  For these organisations to carry out their mission or purpose, financial resourcing is usually required, and for organisations to grow and expand their reach across the community, some level of financial reserves are a desirable starting point.