As the effects of COVID-19 present financial challenges to nearly every nonprofit organization, some that have endowments may be wondering whether and how much your endowment funds can be used to keep your organization afloat. While a lot depends on the specifics of the endowment, this article is intended to provide an overview of some of the factors and risks nonprofits should consider before accessing, borrowing, or otherwise using funds from an endowment.
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Pro Bono Partnership of Atlanta