Development from a financial perspective is a top priority for all nonprofits. M
ID: 371024 • Letter: D
Question
Development from a financial perspective is a top priority for all nonprofits. Many nonprofits invest in development staff to drive fundraising efforts. What are some positives and negatives associated with this approach to financial resource development?Development from a financial perspective is a top priority for all nonprofits. Many nonprofits invest in development staff to drive fundraising efforts. What are some positives and negatives associated with this approach to financial resource development?
Explanation / Answer
Positives are that the nonprofit organisation needs to become self sustainable to cover it's own operational costs. Secondly, to expandits reach and operations, lot of finances is required.
Negatives are that the fundraising can become a distraction and lot of money can deviate the organisation from its earlier social cause.
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