November 17, 2020
Across the globe, none of us remain untouched by the pandemic, every income strata, every race, every community, every for-profit business and certainly every nonprofit organization.
Survey estimates by Nonprofit Advisor predict that 30% of nonprofits will be shuttered this year. The loss of revenue has been widespread with 73% of organizations surveyed by La Piana Consulting reporting a drop. Just last week, The New York Times reported on the compounding loss our sector faces with volunteerism falling sharply too.
At The Fedcap Group, we are working hard to sustain efforts we know are critically important to the global recovery from the pandemic. Job training and mental health and substance abuse services will ensure that the individuals we serve – living in cities and towns that dot our country’s landscape – have the opportunity to rebound.
This is not an easy task. We are preparing for 2021 to be one of the most challenging in the history of our 85-year-old organization. More than ever, we are working hard to control the areas we can control. The only strategy is to be prepared—at every level of the organization—and know what we need to know to effectively plan and course correct. A recent article in the Nonprofit Leadership Center suggested that there are five critical areas on which all nonprofits must focus if we are to survive the turbulent times ahead. I have added a sixth.
It is true that we are facing unprecedented challenges. It is also true that if we work smart, strategically and leverage all of what we know, we can, in many ways, control our destiny.
As always, I welcome your thoughts.