As a nonprofit leader, if you are struggling right now, you are certainly not alone. Many nonprofits are buckling under the weight of the coronavirus pandemic and the economic havoc that it has ushered in. While the government has created some programs to provide aid—such as the Payroll Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program—many nonprofits continue to struggle.
In a recent article for Forbes, author Donna Blackwell examines why so many small nonprofits are struggling at the moment and offers two strategic avenues for consideration. Blackwell explains that the most common causes of current struggles are the following:
The author goes on to suggest two strategies that small, struggling nonprofits should consider in order to ensure their long-term success:
“Merger and fiscal sponsorship are real solutions for nonprofits that find this current crisis has created an economic hardship they fear they cannot overcome,” concludes Blackwell. For more details, click here to read the article in full.