Bookkeeping, Accounting and Consultancy Services (T/A BAnC Services)’s Post

Balancing Mission and Money - is that even possible? In order to demonstrate impact to donor, is the correct thing to do focus more on the mission than financial sustainability? Here's the struggle: Donors want to see their contributions make a difference, but funding can't dry up! BAnC Services believe the right balance between mission and money should be sought! Here are 2 crucial elements to bear in mind when seeking the right balance: => Transparency is King (and Queen): Clearly communicating how donations are used builds trust with donors and keeps them invested in the cause. => Diversification of Your Funding Basket is Key: Seek funding from a mix of corporates, trusts and foundations and individuals i.e. donations, grants, donated services, corporate partnerships... Don't rely solely on one funding source or type! This helps to create a steady flow of resources. #NonprofitFinance #ImpactMeasurement #FinancialSustainability

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