According to a report funded by The Philadelphia Foundation that examined the financial health of local nonprofits, more than 40 percent are running at a loss or producing no surplus at all.
Skills-based volunteers to provide free capacity building support.
Nadya Shmavonian, director of the Nonprofit Repositioning Fund, argues that the sustainability of vital services and community assets is threatened by the weakened financial health of nonprofits, and it is in our collective interest to identify and support innovative solutions that support the longterm viability of these important organizations.
As one of eight funders who partnered to deliver a half-day workshop for their grantees, Diana Doherty shares valuable lessons about the challenges and benefits of funder collaboration.
The Pew Charitable Trusts and Harris Philanthropies have each given $2 million to help bring two leadership development programs to 100 Philadelphia-area nonprofit executive teams.
Formerly held in person and known as the Board Trustee Institute, this new virtual series will explore a variety of topics geared towards helping nonprofits grow and thrive during these troubling times.
Partners funding the report acknowledge that the risk the sector faces today during a pandemic is the result of a system that was not financially stable pre-COVID that must be fixed.
With new data about the financial health of Greater Philadelphia nonprofits combined with troubling trends due to COVID-19, it's clear that collaboration will be a vital strategy for both nonprofits and funders if the sector is to continue to provide essential services and stimulate innovation that advances social purpose.
Building on their respective strengths, the two organizations have entered into a partnership to support regional nonprofits considering sustained alliances.
New program delivered by Nonprofit Finance Fund provides financial expertise and coaching to a diverse group of nonprofit leaders as they adapt and rebuild from impacts of COVID-19.
