In the follow-up to the 2012 NPO Job Losses and Service Cuts survey, fewer organisations report funding cuts (54%) and the scale of the cuts has reduced but the overall funding environment and financial position of NPOs does not appear to be significantly better.
A well-managed reserve fund is a vital component of any organisation’s sustainability strategy. Reserves provide a safety net to carry organisations through the lean times but they also, crucially, offer the breathing space to enable meaningful collaboration, planning and growth so that organisations deliver the best, most transformative solutions to South Africa’s challenges. Alan Wellburn from Citadel Wealth Management explains.
