Federal funding makes up a significant portion of the revenue funding nonprofits in the US – particularly when it comes to addressing basic needs. This reliance places these revenues and the organizations and communities they sustain potentially at very high risk when the priorities of a presidential administration radically changes.
But it is not only federally funded organizations who will be suffering these as yet undetermined losses —the ripple effects of threats of wholesale defunding will affect most nonprofits, government-funded or not, but to very different extents.
Furthermore, many nonprofits will necessarily be looking at replacing revenue at least temporarily, or, in some other way protecting their futures. What are the considerations that should be taken into account as you design your future revenue mix? We will take a new three-dimensional look at what that redesign will require, introducing a brand new article by BDO on the topic.
Among other things, attendees will learn:
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- Where your nonprofit may sit on a current risk matrix and what that implies about your options for a response;
- How to identify and use social capital to buy time, information, energy, influence and cash money;
- What to think about when designing and implementing a new and more sustainable revenue base;
- How to partner with your board of directors for tough decision making.
Hilda Polanco of BDO will be the host and primary presenter on this webinar, joined by leaders of two organizations in very different fields and locales; one is funded directly by now-threatened federal dollars and is facing tough decisions and dangerous funding cliffs, and the other has eschewed government funding but has been deeply affected by the politics of the moment and has already started on a revenue replacement plan. What are they thinking about as they face the loss of potentially significant portions of their budgets? What strategies and scenarios are they entertaining? How does this fit with what we have seen work in the past?