Institute for Capacity Strengthening

Financial resources refer to an organization’s tangible assets. Assets are the properties owned by a company or organization. Any physical thing owned that has a monetary value is an asset. All organizations have the responsibility to exercise good stewardship of the resources with which their donors have entrusted them. Good stewardship entails accomplishing programmatic objectives in a cost efficient manner, ensuring that there are effective internal control systems to protect assets from theft or misuse, and maximizing the benefits derived from use of those assets.