Deficit Archives - TurnAround Social Sector Coaching

It’s almost impossible to lead a nonprofit! You know what I mean if your December fund raising is less than target. Low margins and not much access to capital markets make a day by day challenge.

The burden of organizational success becomes concentrated in the Executive Director with little money left to hire appropriate expertise in development, accounting, and HR (Alice Korngold).

Coaching doesn’t remove the challenge but coaching helps you to reorganize resources and make a plan. Join me for an ED Holiday Cocktail Hour on Zoom, Thursday, December 19th at 5pm Eastern. Bring shrimp, wine, and questions for an hour together. Cheers!

You are invited to a Zoom meeting. When: Dec 19, 2019 05:00 PM Eastern Time, Register in advance for this meeting: https://zoom.us/meeting/register/u5AvdumurDIv8qFtebIgBMi6fZ4KP9sjXg

Many nonprofits are being damaged by fundraising. The change is like being hit by a fast freight. Next year will not feel like last year. Nonprofit leaders often regard charitable gifts as the first and major provider of money. It’s critical! Cash pays staff and helps clients. Three forces are changing the giving landscape. Are you ready?

NonProfit leader about to be hit?

First, Tax reform in 2017 doubled the standard deduction. Only richer people and tithers (people who have a spiritual habit of giving) benefit financially from gift-making. Reports indicate that gifts from individuals declined by 1.1% in 2018. Charitable gifts from corporations increased. Gifts from those over 70 years old who made gifts from IRAs also increased.

Second, the number of corporations that received half of all profits in the USA declined. In 1975, 109 companies made 50% of all profits. In 2016, the number dropped to 30. There are very big gifts but not as much capacity for small and medium gifts.

Thirdly, Christian religious affiliation is declining rapidly in the USA. Christianity has been a major inspiration for giving. Pew Research shows a decline of 12% in the last decade! It’s hard to describe what changes this rapid rejection of religion will make in American society, but charitable gifts will be affected.

Are you watching your dependence on gifts and making appropriate changes?

I coach nonprofits who face turbulence. Contact me at tompkir1@gmail.com for a free consultation.

Sources: Richard Eisenberg (Forbes, June 18 2019), Pew Research (October 2019), and Richard Wolff (Democracy at Work)

The free workshop is September 18 and 19th (details below) on Zoom. This is one workshop where you won’t be late because the subway was behind schedule!

The first recession proofing we talk about is loneliness of leaders when facing external problems. Since I lead a nonprofit as well as serve as a coach, I speak about these feelings because loneliness has been a companion several times as a CEO or ED.

Here is a quick video recap and details are below to register with Zoom

Recession Proofing Nonprofits

You are invited to a Zoom meeting on Recession Proofing NonProfits

When: Sep 19, 2019 08:00 AM Eastern Time (US and Canada)

Click Here to Register in advance for this meeting:

 After registering, you will receive a confirmation email containing information about joining the meeting.

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Growing Business in Cambodia
You are invited to a Zoom meeting on Growing Business in Cambodia.

When: Sep 18, 2019 08:00 AM Phnom Penh time.

Click here to register in advance for this meeting:

 After registering, you will receive a confirmation email containing information about joining the meeting.