Reply To: Nonprofit Profit Reserves: The Real Deal – Reflection


    I am the CFO of a Catholic High School in the midst of an enrollment dip and a capital campaign when the pandemic hit. While we still operated and collected tuition, we were forced to cancel in person fundraising and athletic events for nearly two years, so two successful PPP loans were used so we did not have to dip into reserve funds at any higher rate than expected. We were able to retain all staff with PPP funds.

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