Federal Bailout Spending Creates Re-Structuring Opportunities
Federal Bailout Spending Creates Re-Structuring Opportunities
Northern Illinois regional planning organization leads the way in restructuring services through the American Recovery act.
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Northern Illinois regional planning organization leads the way in restructuring services through the American Recovery act.
A very interesting story popped up in my Google search engine dated Sept. 28, 2009 from the Charlotte Observer. A county commission of very prestigious government and foundation institutions including the United Way of Central Carolinas and the Foundation for the Carolinas, have formed to identify strategies for addressing the funding losses for the Charlotte-Mecklenberg community.
Here are the news and other stories about nonprofit collaborations, mostly mergers, that I pulled off the Internet from all over the country. Merging Administrative Functions, posted on the site: Butts in the Seats, Musings on Practical Solutions for Arts Organizations, July 21, 2009. The posting links four separate articles written by the Nonprofit Law Blog related to back office collaborations.
Occasionally I get a phone call from people wondering what the process is for shutting down a nonprofit. Believe it or not, there are forms you need to fill out with the IRS and your state to dissolve a nonprofit organization. I recently ran across a great blog posting by by someone named Don Griesman, who wrote a detailed explanation about what you have to do when ending the operations of a nonprofit organization or foundation in all the various situations: mergers, transferring assets, or simply shutting the door.
At the suggestion of a fellow blogger and friend, Celeste Wroblewski at studio 501c, I am going to add a new feature to my site: a news round-up. Every day google alert sends me news stories about nonprofit mergers, partnerships, and all things related to nonprofit strategic re-structuring. I have far more material than I have the space (or time) to write about.
As I introduce people to the concept of nonprofit mergers and collaborations, it's hard to remember that for some people, these concepts have been around a long time. Take Debbie Hinde and Vital Bridges in Chicago, Illinois, for example.
The Tribune wrote a piece in the business section yesterday about some local activity about nonprofit mergers and partnerships. In case you missed it, you can go here to link to the article. The piece mentions BOC, the Back Office Collaborative, and the Alliance to End Homelessness in Suburban Cook County. Oh, and also I get a few quotes in, as well.
On March 5th, the winners of The Collaboration Prize - the national competition with a cash award of $250,000 for the best nonprofit collaboration in the U.S.
Somehow it seems appropriate that the nation's first nonprofit collaboration prize would result in a tie with the two finalists sharing the $250,000 cash prize. The Lodestar Foundation and the AIM Alliance announced yesterday that they had chosen both the YMCA and JCC of Greater Toledo, and the Museum of Nature and Science in Dallas, Texas as co-winners of the first-ever national nonprofit collaboration prize.
The latest, most interesting study on the impact of nonprofit mergers was just published today, Feb. 26, 2009 by The Bridgespan Group, entitled, Nonprofit M&A: More Than A Tool for Tough Times.
"Straight talk about nonprofit partnerships, mergers,and other types of strategic re-structuring" is what the ground-breaking panel discussion in Chicago promises on Feb. 27th, 9:30 to 11:30a.m at Roosevelt University. Go here to get all the information.