Asking for donations from other nonprofits

Assignment Help Accounting Basics

Reference no: EM133541920

Question: Homelessness in Hawaii Also applying for multiple grant applications is one way to deal with fiduciary difficulties. If a significant amount of money is required to implement a new or modified policy, this tactic may be beneficial because grants can effectively and inexpensively supply the necessary funding. Asking for donations from other nonprofits and organizations is another technique that might be used to pay for specific policy changes. There are advantages and disadvantages to each technique. Although it might take a long time, budgetary analysis is a useful tool for ensuring that a company has the resources it needs.

Reference no: EM133541920

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