A nonprofit organization relies on charitable contributions to support their mission. Nonprofits include foundations, advocacy groups, civic clubs, and social organizations. Examples of notable nonprofits are AARP and the Red Cross. Charitable contributions decrease in tough economic times, and these groups are vulnerable to shifts in the economy, even for nonprofits with substantial endowment funds. The health of financial markets influences investment income. Managing expenses is a primary concern for nonprofits.
Supplier industry knowledge, cost management strategies, process efficiencies, and superior negotiation skills deliver cash flow from savings to...
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Savings allowed Denver Botanic Gardens to further its mission