How does budgeting for sustainability relate to Inyathelo’s definition of Advancement?
Inyathelo defines Advancement as a systematic, integrated approach to building and managing external relationships with key stakeholders in order to attract support. Financial management of a non-profit organisation requires serious attention and great accounting skill as funding flows can be difficult to predict. Some organisations have significant funding for their programmes and projects, but they have to retrench staff or move to smaller offices because they have not raised money for the basic resource requirements – or core costs – to allow the organisation to run efficiently.