NPT’s Executive Session: Financial Turmoil, Restructuring Fundraising And Operations
Any economist will tell you that there are lies, damned lies and then statistics. It is difficult to find a data set of historical precedent for the current U.S. economy. The Great Recession from late 2007 to mid-2009 and the Covid crisis might be the closest to the current upheaval.
Spotlighted in the new video edition of The NPT’s Executive Session, economist Una Osili, Ph.D., talks about uncertainty in the nonprofit sector and suggests strategies for surviving these turbulent financial times.
Dr. Osili is the nonprofit sector’s economist. She is associate dean for Research and International Programs, the Efroymson Chair in Philanthropy, and the Dean’s Fellow, Mays Family Institute on Diverse Philanthropy at the Lilly Family School of Philanthropy at Indiana University.
American households tend to postpone giving during uncertainty, especially very large commitments, according to Osili. Red signals for nonprofit executives right now include restructuring service delivery, earned income strategies and reinventing costs structure models.
Diversification of income sources and programmatic structure will somewhat shield the sector during the turbulence.
See the full conversation here …
