Resources for Difficult Times (Part II)
The AICPA offers an Economic Crisis Resource Center which contains a host of articles and topical posts including many on President Obama’s Stimulus plan. It is searchable by topic and category of resource http://economy.aicpa.org
Blue Avocado, listed in our original website posting of resources, has now compiled in one place a list of their published articles related to the downturn, layoffs, and so forth.
http://www.blueavocado.org/content/economic-downturn-articles-blue-avocado
Fieldstone Alliance http://www.fieldstonealliance.org/ strengthens the performance of the nonprofit sector through consulting publishing, training, and research and demonstration projects. See Weathering Tough Times on its home page, and as a backdrop for your ow brainstorming, view a compilation of tools and suggestions in a section called Opportunities in Lean times http://www.fieldstonealliance.org/client/focus-opportunities_in_lean_times.cfm
For example, you can read about short-term actions such as cutting or controlling costs and longer term actions such as diversifying revenue streams.
The Institute for Non-Profit Excellence (www.mbsa.info/institute.php) facilitated a half-day workshop at InterAction (www.interaction.org) on “How to Survive the Financial Crisis or Plan for Post-Recession Success Now” and has made the presentation available on its website: http://www.mbsa.info/resources/inpex_ppt.htm
Accenture http://www.accenture.com/ is a Global Management Consulting, Technology and Outsourcing Services firm. Read “Managing in Extraordinary Times: New Choices for New Challenges.”
http://www.accenture.com/Global/High_Performance_Business/Research_and_Insights/KnowWhatItTakes.htm
The Nonprofit Finance Fund http://www.nonprofitfinancefund.org/ and The Chronicle of Philanthropy present ”Financial Management in Tough Times”
Free, Live Web Chats of Advice for Managing Through the Recession.
BoardSource recently posted an article on “Facing the Financial Crisis: 10 Smart Things your Board Can Do Now” accessible through this link: Educational Resources for Boards on Leading Through the Financial Crisis
Topping the List: Don’t Panic
The Bridgespan Group offers advice on Nonprofit Mergers and Acquisitions More Than a Tool for Tough Times
“Mergers and acquisitions (M&A) are much more common in the nonprofit world than most would think, as Bridgespan’s study of 3,300 deals across four states over 11 years shows. But nonprofit mergers often come about through default—due to financial distress or leadership vacuums. The potential for M&A to create real value in the nonprofit sector exists, however, particularly if more philanthropists take on the mantle of matchmaker and help nonprofits explore and evaluate M&A opportunities.”
Independent Sector members were asked to submit one example of what they were doing to respond to the economic crisis. Member responses may be found via this link:
http://www.independentsector.org/members/Response_Economic_Crisis.html
The American Society of Association Executives www.asaecenter.org recently posted Latest Trends in their Economy Resources Online. This one is of particular interest:
Employers Reluctantly Altering Retirement Offerings While Workers Struggle To Save
The Case Foundation http://www.casefoundation.org/
Case’s purpose is to expand giving, promote everyday philanthropy, deepen civic engagement, and broaden the use of new technologies to make giving more informed, efficient, and effective. Read an interesting Blog entry from December 2008 That includes three tips on how to adapt in these economic times: collaboration, pro bono services, and make needs known. Read the blog: http://www.casefoundation.org/Blog/Nonprofit-Economic-Crisis-How-Are-You-Coping