An operating reserve is your nonprofit's "rainy day fund" for when its cash flow unexpectedly drops. Conventional wisdom says that three to six months' worth of operating expenses should be in your reserve. Yet survey after survey continues to show that as many as 50 percent of nonprofits don't even have reserves in place -- a highly risky financial position to have when the economy is still volatile and foundation giving is predicted to grow slowly for the near future. So how much should your nonprofit have in reserves? How do you build them up? Get answers from our expert panelists. We will devote most of the hour to your questions!

Panelists:
Jennifer Alexander, University of Texas at San Antonio
Alice Richardson Antonelli, Senior Finance Advisor, Nonprofit Finance Fund
Rodney Christopher, Vice President, Consulting Services, Nonprofit Finance Fund

How It Works: This live chat will happen in the window here. It will NOT HAVE AUDIO. When the chat goes live, you can submit your questions and comments and interact with presenters and other readers. Don't miss it! Tweet during the event using the hashtag #grantspace! 

Registration Info:
Click on this link shortly before 1:00 pm EST on June 25 to join. All may participate, and it is not necessary to register in advance.

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