Virtually every nonprofit struggles to balance its budget. Attempts to bring it into balance usually involve some combination of cutting expenses (often sacrificing future growth), and stretching the fundraising goal past the point of confidence. But it doesn’t have to be that way.
About a year ago, I attended a workshop session at the University of Richmond’s Institute on Philanthropy. Wally Stettinius, a statesman of the Richmond philanthropic community, led the session.