Balanced Funds: A Strategic Approach to Long-Term Sustainability for STEM Institutions
At the North Carolina Science Network, we often discuss the importance of "collective impact" and "best practices" in STEM education. From the mountains to the coast, our member museums serve over 4.6 million visitors annually, creating a $173 million economic impact. However, to maintain this momentum and ensure our museums can inspire the next generation of scientists,
we must also focus on the "science" of financial sustainability. For nonprofit administrators, utilizing Balanced Funds within an endowment or reserve account is a critical strategy for long-term operational health.
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