For the first time since 2008, we are officially in a recession.
While you may not yet know what this means for your organization, it could mean that there will be an increased demand for your services with fewer dollars available from foundations, governments, and individuals. The pandemic has already limited fundraising, which means that already resource-strapped nonprofits will likely need to make difficult decisions. With payroll making a significant portion of most nonprofit expenditures, nonprofits may need to look at furloughs, layoffs and other staffing options.
To help navigate this with your board and staff, Amy Maden, The Trust’s outsourced accountant and nonprofit financial expert, will lead a session for THT grantees. She will review tools to help organizations test different expenditure scenarios and the potential financial impacts of those decisions. Attendees will walk away with some planning tools and knowledge on how to use them.
Please note that we will not discuss fundraising. Please check out the Center for Nonprofit Management for excellent sessions on fundraising.
Date: June 25, 2020 (10:00-11:30)
Facilitators: Amy Maden
Location: We will send you the Zoom link when your registration is confirmed.