Donations – A Financial Management Point of View

1500 words, 7 min to read
written by A. Chaber , ILGA-Europe

Donations may be one of the few sources of funding you can use to fund costs that will not be accepted by funders

Think through what kinds of donations you will not accept to save yourself a lot of trouble

You need to classify each donation as “unrestricted” or “restricted” (for a specific purpose or project) – and a lot depends on that classification

Bank statements can be enough to keep track of all your donation income and expenditure

Good management of donations will help you avoid debt

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