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June 2009 - Issue 13
CEO CORNER
Nonprofit Mergers: The New Collaboration Strategy
Starting a nonprofit program from scratch can be an extremely challenging endeavor. Before jumping all in, be sure you understand how much sweat equity, volunteer support, and start up capital you will need to develop a successful program.
In the current economic climate, new, as well as existing programs may want to explore merging, or combining resources. Outsourcing is not a traditional workforce method in the nonprofit sector. However, as times and conditions change, so must outdated, underperforming nonprofit business models.
Although mergers are more commonly used in the for profit sector, such collaborations can create opportunities whereby two or more nonprofit companies can share resources, save money, and increase productivity. Increasing numbers of grant makers are suggesting such collaborations. Some are even requiring them.
So, to those thinking of new ways to enter the charitable sector, consider partnering with an organization that is already established. Create a product that they can't refuse; that is a win/win for you, them, and the client.
Chataun R. Denis, CEO |
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| FUNDING NOTICE
WAL MART
Walmart Foundation, through its State Giving Program, provides funding to organizations that create opportunities so people can live better. Awards focus on projects that have long-lasting, positive impact in the areas of: Education, Workforce Development / Economic Opportunity, Health & Wellness, and Environmental Sustainability. The program will begin accepting applications for the Fall Funding Cycle on June 15. |
Community Spotlight
The Foundation Center is a national nonprofit resource library that provides nonprofit professionals, and those interested in the field, with training, education, an online grants directory, electronic articles, and much more. The Center is headquartered in New York with field offices in Atlanta, Cleveland, San Francisco, and Washington, DC, and over 400 cooperating collections in libraries throughout the country. For more information, visit http://foundationcenter.org. |
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June 24th | 11:00 am | $9
"One of the best workshops I've attended to date."
Hands on Atlanta Americorp Member
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