Omar ZenhomAward Winning Entrepreneur. Founder of The $100 MBA & WebinarNinja.

Why Investment is ESSENTIAL for Growth

16 Dec 2024 · 1 min

Watch on YouTube

0:46

This content was created by Omar Zenhom. This content was uploaded by Omar Zenhom. This is a YouTube video titled "Why Investment is ESSENTIAL for Growth" (created 2024-12-16). The excerpt is a spoken segment by a single speaker (labeled SPEAKER A) discussing nonprofit fundraising and financial resilience: how having ~18 months of operating reserves allowed the organization to survive the revenue losses at the start of COVID-19, and the case for investing 10–15% of charity dollars to drive future growth and ensure children in their care continue to receive food, schooling, and shelter.

Chapters

If we don't invest, we won't grow. We were really fortunate going into Covid, where we had 18 months worth of operating costs in the bank. Going into March 2020, we had 75% of our fundraising was completely wiped out because of the bike rides and because charity and discretionary spending was completely canned. But we were fortunate in that we could go for 18 months without raising a cent, and not one child in our care would go without food, school, shelter. And so coming out of that certainly where having that rainy day fund, that something was to ever happen again, that we would be okay. But to do that takes a lot of work on the fundraising side. So if we can invest 10 or 15% of our charity dollars, then we can guarantee growth beyond what we've been able to achieve before.