Best Practices on Nonprofit Survival in an Economic Downturn

Many in the PSI network have asked for tips or the ability to share best practices on how to survive this economic downturn.  In response to this need, PSI is happy to act as a clearinghouse of tips, best practices, and lessons learned for cutting costs; fundraising; or other methods of effectively dealing with this crisis.

PSI will begin to compile resources related to fundraising, leadership and organizational management.  The following newsletters are focused on these topics:

April 2009

Additionally, if you have tips, best practices, etc., please post them below:

Comments

[Alex Toma]

Lessons Learned from the Nonprofit Finance Fund during the post-9/11 economic downturn.
http://www.nonprofitfinancefund.org/news.php?autoID=113

[Carl Robichaud]

This webinar was recommended to me:

https://www.signup4.net/Public/ap.aspx?EID=PROG88E

The 2009 Nonprofit Economic Climate:
Managing through the Downturn

There are crucial steps you can take now to be prepared for the economic climate.

In December 2008, Fiscal Management Associates (FMA) and the Nonprofit Finance Fund (NFF) joined together to present a workshop that offered nonprofit leaders concrete tools to lead their organizations during this challenging time. The sponsors of the event, The Clark, Robin Hood, and Tiger foundations, have agreed to allow the tools and presentation for public download here. To begin watching the 90 minute webinar review and downloading the tools, please scroll down.

Topics include:

* How the current market environment will affect nonprofits
* Practical scenario planning and modeling: how to develop smart,
strategic responses
* Recognizing the hidden opportunities to strengthen your standing
* Revenue and expense considerations
* Cash flow management and managing credit
* Role of the Executive Director and Board in leading the organization through a downturn

Participants will also come away with:

*Assessment tools and checklists to keep you grounded during crisis periods
*List of critical issues to address with suggested prioritization

https://www.signup4.net/Public/ap.aspx?EID=PROG88E