By Susan U. Raymond, Michael P. Hoffman
The right way to make strategic plan to assist your nonprofit navigate turbulent monetary waters and attain reinforced revenuesDuring this time of upheaval and instability with the country's monetary markets and financial system, you're pondering how your nonprofit can emerge better from this unparalleled turmoil and get ready for destiny fiscal cycles. sensible and well timed, Nonprofit Finance for demanding instances: management innovations whilst Economies Falter is helping your nonproft get strategic within the vulnerable economy.Nonprofit Finance for challenging instances exhibits you the way surviving the present fiscal stipulations capacity dedicating your self to realizing the main points of the present monetary problem and opting for these Board individuals and different leaders who may give you deep research at the trouble and act as your analysts of the winners and losers in actual time.Emphasizes that the middle of all process is engagementHelps you re-evaluate your nonprofit's communications instruments for either messages and marketsAsserts that the operative want is for procedure, now not panicRevisits all assumptionsExplains the way to type and cull prior supporters if you will emerge from the turmoil first and strongestReveals tips on how to determine new audiencesProviding the suggestions your nonprofit needs-not to only dangle on for the white-knuckle experience, yet to plot their most sensible technique to live to tell the tale and succeed-Nonprofit Finance for difficult occasions equips you with the instruments you want to start.
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Additional info for Nonprofit Finance for Hard Times: Leadership Strategies When Economies Falter
Example text
Without private philanthropy, access to quality education, always a financial challenge, would narrow even further. Hence, educational institutions in economically challenging times must search for strategies not only to maintain philanthropic giving, but even to increase that giving. Rising demand for aid requires increased resources, placing educational institutions at a vortex of challenge far in excess of the 17 percent of their overall revenues represented by private contributions. Human Services The human services sector also shows a major reliance on program services revenue rather than private philanthropy.
The number of affiliated private foundations created to raise private funds for K–12 public schools or school systems has increased sixfold in the Philanthropy within Financial Structures 25 last decade. 9 At times of economic peril, therefore, the price that education pays in reductions in philanthropy is not the existence of educational institutions. There will always be demand for private education, and there will always be legal requirements for public budgets to provide public education. Rather, the price is the combination of quality and access.
Dollars are important; there is no question about that. But the dollars themselves are only the shadow of the deeper reality. Where individual passion and leadership flow in a civil society, engagement will follow. And where engagement is to be found, philanthropy will flower. Note 1. Giving and Volunteering in the United States. (Washington, DC: The Independent Sector, 2001), 10. CHAPTER 3 Philanthropy within Financial Structures Defining Overall Nonprofit Revenue Simplicity does not precede complexity, it follows it.