Money Matters – People Matter
In a down economy, you need to focus on keeping your organization both financially viable and strong internally.
The current global economic crisis is having a significant impact on the nonprofit sector. While mission-driven organizations have seen an increase in demand for their services and predict that the demand will continue to increase, they are also extremely concerned about the philanthropic environment and worry about how they will be able to support an increase in services with an expected decrease in charitable contributions.
How can organizations deal with the strain presented by the current economic situation? Of course, they need to ensure that the organization can remain financially viable during the economic downturn, but they also need to ensure that the organization remains strong and healthy, which means focusing on its people.