Monday, February 12, 2007

Charity Village®NewsWeek: Cover Story

Charity Village®NewsWeek: Cover Story: "The hidden costs of fundraising
Andy Levy-AjzenkopfBy Andy Levy-Ajzenkopf
February 12, 2007

If there's one thing that concerns both the corporate and nonprofit sector equally, it's the constant fight to minimize costs while maximizing returns. But where for-profits can operate relatively unhindered and calculate elaborate cost-saving schemes, some nonprofits can't even afford the expense of hiring an accountant.

That's why it's critical for nonprofits to understand what hidden costs might accompany fundraising campaigns, and why it's best they discover them before they go over budget and risk losing the confidence of their boards and donors."

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