That’s a helpful clarification, thank you. I would be concerned, then, that if an organization were motivated to get SoGive’s seal of approval, they could improve their ratio by designating more of their money for specific purposes. Wouldn’t it be pretty easy to write down a four-year (non-binding) plan that would convert much of the current “reserves” to “designated funds”?
At the outset, I had the same concern, however thus far it doesn’t appear to have been a problem. It’s possible that this may change in time, in which case we’ll cross that bridge when we get there.
That’s a helpful clarification, thank you. I would be concerned, then, that if an organization were motivated to get SoGive’s seal of approval, they could improve their ratio by designating more of their money for specific purposes. Wouldn’t it be pretty easy to write down a four-year (non-binding) plan that would convert much of the current “reserves” to “designated funds”?
At the outset, I had the same concern, however thus far it doesn’t appear to have been a problem. It’s possible that this may change in time, in which case we’ll cross that bridge when we get there.