Fiscally Responsible Decision-Making during COVID-19

4/23/2024

Transitioning from “Survival to Stability” during the 2020 Pandemic

The landscape created by COVID-19 has intensified the challenges facing nonprofit leaders. From a fiscal perspective, nonprofits now face additional obstacles when securing funding, maximizing real estate, and proving creditworthiness. But, exactly what steps should be taken to move toward financial sustainability?

In a two-part webinar series hosted by City&StateNY, three long-time nonprofit advisors shared their best practices and newest insights into responsive, actionable, and durable planning efforts. The first webinar on June 11, 2020, took a 3-month perspective and addressed short-term challenges and opportunities. The second webinar, scheduled for September 2020, will examine a 3-year landscape. Check back to our webinar host’s events page for current information.

Webinar Lineup of Real Estate and Financial Experts

In addition to Sunil Aggarwal representing ThinkForward, the panel discussion included Paul Wolf, Co-President of Denham Wolf Real Estate Services, and Duncan Webb, founder of a leading advisory for the development and operation of cultural and educational facilities and public agencies.

Times of crisis can be the best times to assess your mission.

Fiscal Planning for Hard Times Ahead

Panelists advised the audience to be “intelligently optimistic” and wherever possible to preserve and manage liquidity for their organization. Having moved beyond the early weeks of the pandemic, nonprofits will benefit from taking the time to “know what you have and know what you want.” Times of crisis can be the best times to evaluate mission performance and whether or not—or to what extent—you are delivering value to your community. Realignment and adjustments are inevitable when funding sources are affected by market disruptions.

Highlights from Webinar Postscript (PDF Resource)

  • Duncan Webb provides a step-by-step guide “from the mission-check through the messaging.”
  • Sunil Aggarwal shares the “inside scoop from 20+ banks,” a detailed account of his recent conversations with industry professionals about how COVID is affecting financing options.
  • Paul Wolf explains how in times of crisis real estate can quickly become a nonprofit’s number one expense.

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Insights

Fiscally Responsible Decision-Making during COVID-19

Transitioning from “Survival to Stability” during the 2020 Pandemic

The landscape created by COVID-19 has intensified the challenges facing nonprofit leaders. From a fiscal perspective, nonprofits now face additional obstacles when securing funding, maximizing real estate, and proving creditworthiness. But, exactly what steps should be taken to move toward financial sustainability?

In a two-part webinar series hosted by City&StateNY, three long-time nonprofit advisors shared their best practices and newest insights into responsive, actionable, and durable planning efforts. The first webinar on June 11, 2020, took a 3-month perspective and addressed short-term challenges and opportunities. The second webinar, scheduled for September 2020, will examine a 3-year landscape. Check back to our webinar host’s events page for current information.

Webinar Lineup of Real Estate and Financial Experts

In addition to Sunil Aggarwal representing ThinkForward, the panel discussion included Paul Wolf, Co-President of Denham Wolf Real Estate Services, and Duncan Webb, founder of a leading advisory for the development and operation of cultural and educational facilities and public agencies.

Times of crisis can be the best times to assess your mission.

Fiscal Planning for Hard Times Ahead

Panelists advised the audience to be “intelligently optimistic” and wherever possible to preserve and manage liquidity for their organization. Having moved beyond the early weeks of the pandemic, nonprofits will benefit from taking the time to “know what you have and know what you want.” Times of crisis can be the best times to evaluate mission performance and whether or not—or to what extent—you are delivering value to your community. Realignment and adjustments are inevitable when funding sources are affected by market disruptions.

Highlights from Webinar Postscript (PDF Resource)

  • Duncan Webb provides a step-by-step guide “from the mission-check through the messaging.”
  • Sunil Aggarwal shares the “inside scoop from 20+ banks,” a detailed account of his recent conversations with industry professionals about how COVID is affecting financing options.
  • Paul Wolf explains how in times of crisis real estate can quickly become a nonprofit’s number one expense.

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Challenge No. 1

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