Fund accounting provides clear financial accountability that builds trust with donors and regulatory agencies. Oxfam and Save the Children manage restricted funds from donors to ensure projects are delivered as promised. The Government of India uses fund accounting for social schemes such as the National Health Mission, where funds from central and state governments are separately tracked. The origins of fund accounting can be traced through the broader history of public financial management. Given the presumably limited amount of funding available each year, this is a critical tool for non-profit management. How to Calculate Donor Retention Rate? Mastering the Metrics Pension Trust Funds, for example, hold assets for the benefit […]