 |
|
In This Edition:
News Update:
Tips of the
Week:
|
ADVERTISEMENT
4th
Annual
Bridge to Integrated Marketing &
Fundraising Conference
Gaylord National Resort July
21-23
http://www.bridgeconf.org
Please forward NPT Weekly to
your colleagues so that they can also subscribe.
 Tell-a-friend! |
Editor’s
Note:
Are you getting
your NPT updates on Twitter? Go there now to follow us. The
twitter account is: nonprofittimes
|
|
Survey: Nonprofit Mergers, Sales Not On The
Table
Despite yet another doom and gloom outlook
for nonprofits in 2009, very few organizations are even
considering mergers or selling assets, according to a new
survey. Instead, nonprofits are more likely to develop
worst-case scenario contingency budgets and engage more closely
with their board, according to a survey of nearly 1,000
nonprofits by Nonprofit Finance Fund.
Nearly half of respondents (48 percent) said
they would freeze all hires and current salaries or have funder
conversations to explain the situation and/or use of currently
restricted grants to “keep their doors open in difficult
times.” Only 4 percent called it “business as
usual” and plan no change.
To read
the complete article click here... |
|
Finance ...
3 stages to a
nonprofit merger
With the recession having re-ignited talk about an uptick
in nonprofit mergers and acquisitions, it might be a good time
to examine just what it might take to merger your nonprofit or
acquire another one.
Kay Sohl of Portland, Ore.-based Kay Sohl Consulting, who
presented a session during the recent annual AICPA nonprofit
conference in Washington, D.C., said there are three key stages
to a nonprofit merger:
-
Exploration: The typical exploration process will begin
with information discussion among staff, board or funders about
the potential benefits of a merger. Board resolutions authorize
the exploration of a merger, including a confidentiality
agreement and a timeline.
Due diligence will help the organization gain an in-depth
understanding of the potential partner’s condition and
assess future opportunities and risks as it examines assets,
liabilities, restrictions on net assets and trend data, among
other things.
-
Decision: Sohl suggests discussing mergers and
collaborations in newsletters and opinion pieces, creating
dialogue with attorneys with a strong nonprofit practice, and
mentioning merger trends in audit discussions with
boards.
-
Implementation: There are many
things to think about when going forward with a merger, not the
least of which might be legal, accounting and other consultant
costs, technology integration, severance and unemployment,
marketing and communications, facilities and loss of fee and
contract income relating to staff and systems
transitions. |
|
Management
...
Do you have your PEST
checklist?
Judith Nichols doesn’t
mind being a pest -- at least when it comes to analyzing trends
in philanthropy. The deputy director for external affairs at
Brooklyn Public Library has devised what she calls PEST analysis
to examine trends in philanthropy. PEST stands for Political,
Economic, Societal and Technological.
Nicholas presented her
analysis during a session called “It’s All About to
Change: How Important Trends Are Driving Philanthropy In New
Directions,” during the recent Fund Raising Day New York,
sponsored by the Greater New York Chapter of the Association of
Fundraising Professionals.
Political:
Competition is increasing, with the number of nonprofits almost
doubling during the past 10 to 15 years, while overall giving
has been flat. Meanwhile, the nation’s top foundations cut
operating funding by more than half during the 1990s and
corporate giving is increasingly strategic marketing, she
said.
Economic: Loyalty is
gone, there’s less belief in “authority” with
surveys indicating donor concerns about trust in nonprofits.
Longevity has brought a fear of outliving one’s
assets.
Societal: More
Americans are alive who were born after World War II rather than
before, bringing a transition from pre-World War II focus to a
post-WWII focus. Not only is there a generational change, but
also diversity in ethnicity, with minorities expected to be a
third of the U.S. population by next year, and half within 30
years.
Technological:
Differences in communication styles and preferences are giving
donors the power to decide the pace and timing of
communications, but also how to make their gifts. It’s
bringing a move from reactive to proactive
decision-making. |
|
Your Career ...
Here are cornerstones to
your resume
Building a resume could be
complex if you don’t have the right construction tips,
according to Bruce A. Hurwitz, vice president of New York
City-based Joel H. Paul & Associates, Inc., a national
executive search firm for the nonprofit sector.
Hurwitz gave some resume
writing cornerstones during the recent Fundraising Day in New
York, sponsored by the Association of Fundraising
Professionals Greater New York Chapter:
-
The look. For printed
resumes, ditch the lavender, perfume-sprayed paper. Stick with
plain white, 12-point font, black ink and white space. Basic is
better for resumes.
-
The length. Some would
suggest no more than a page, but Hurwitz insists putting as much
as necessary to properly show who you are. Don’t make it a
novella – two to three pages should do.
-
Blast from the past.
Don’t go back more than 20 years in work history,
especially if it includes your supermarket checkout gig when you
were too young to drive.
-
Email documents. Name the
document with your name followed by “resume.” That
should get the point across.
-
Contact information. Your
full name, address, phone numbers and email should be at the
top. Don’t use unprofessional email addresses such as ILuvMiPetz@email.com.
-
Tell the truth, the whole
truth. Don’t lie or embellish – it will catch up to
you.
-
Objective. If your objective
is “to get this job,” think about eliminating that
space.
-
Use bullets. It makes the
information look clean and organized.
-
Categorize. Don’t just
jumble all your information. Set categories, such as work
experience, education, awards or honors, and languages –
and place information in its right
spot. |
|
Don't Forget Us!
Changing positions? Or have you moved to
another organization? Then, make sure you still get NPT's family
of enewsletters by simply updating your
profile.
Copyright @ 2009 The NonProfit Times.
To read our Privacy Policy click here.
To forward NPT Weekly to your colleagues so
they can also subscribe click
here.
| | |
|
|
