Inflation poses potentially major challenges for nonprofits and their budgets

New LinkedIn Newsletter from Seliger + Associates: Go to?www.seliger.com ?to sign up for FREE WEEKLY GRANT ALERTS and click on BLOG to read more than 600 posts about grant writing at Grant Writing Confidential. Also, call 800.540.8906 ext. 1 or email [email protected] to learn how you can save 20% on foundation grant writing during our Fall Sale till Sept. 30!

The United States is currently experiencing the highest measured inflation rate since the early ’80s, although it may have moderated a bit recently. We see this in our business—all of our many software-as-a-service (“SaaS” in tech nomenclature) subscriptions have gone up by at least 10% in the past six months, our costs for consumable supplies and equipment have also risen, and anyone who’s been to the used car lot, supermarket, etc., sees it in their daily lives. Still, while there are many articles on inflation in the media, I’ve yet to read one that discusses the significant and deleterious impact of inflation on nonprofits. I was the Executive Director of the Hollywood-Wilshire Fair Housing Council in the late ’70s, and then a full-time grant writer, so I experienced first-hand hyper inflation. Back then, we learned quickly that budgets had to account for inflation, and inflation expectations affected everything we did. Click here to continue reading: https://seliger.com/2021/09/15/inflation-poses-potentially-major-challenges-for-nonprofits-and-their-budgets/