Rebecca Thomas finishes her six myths piece for Associated Grant Makers:
In my last piece for In Philanthrophy, I offered three recommendations for how grantmakers can overcome commonly held misconceptions about the role of money in strengthening nonprofit effectiveness. I encouraged funders to: support comprehensive capitalization planning, reward financial management practices that promote surpluses and savings, and consider seeding cash reserves as a source of funds for handling and taking risk. Here, I share three additional myths that get in the way of healthy nonprofit finances and suggest funder practices that, in my experience, create an environment more supportive of organizational success.