One of our all-time fabulous purchases was from a yard sale. It was a vast oriental rug (240 knots per square inch) that fit the living room in our new home. It cost $500 with the mat. Later, we had it appraised for $8,000.
Over the 20 years we owned it, we paid more to insure it than it cost. When we bought a new house, the rug wouldn’t fit in any of the rooms. We visited a local rug dealer asking for a trade-in. He suggested we donate it.
The dealer runs a for-profit. He wasn’t in the position to offer us a tax deduction, but you, dear nonprofit leader, can.
Before you bemoan the challenges you face as a nonprofit, remember the benefits that come with it.
Claim them.
Leverage them.
Be strong.
Karen Eber Davis is a nonprofit strategic planning consultant who works with visionary leaders committed to taking their organizations to new heights. She offers customized strategies, assessments, and coaching designed to help leaders lead their organizations to achieve their potential. She is the author of 7 Nonprofit Income Streams and Let's Raise Nonprofit Millions Together.
If you appreciate these Added Value posts, please consider subscribing.