Horizons Fall/Winter 2020

INDUSTRY UPDATE NOT-FOR-PROFIT

How Not-For-Profit Organizations Can Use Creative Tactics to Persevere into the Future by Amy Altholz, CPA, CGMA A s not-for-profit organizations navigate the ever evolving environment and look towards working effectively within the “new normal,” there are many adaptations that organizations have

To persevere, organizations need to remain focused on the following areas of importance: ∙ Innovative & Creative Ways to Deliver Programming & Still Achieve Goals

implemented that resulted in “silver linings” – or unexpected benefits that organizations will hopefully continue to capitalize on. These benefits will be of heightened importance as organizations plan for the future. Since the not-for-profit industry generally lags behind other industries in terms of rebound and recovery, the challenges organizations are currently experiencing are likely to continue for years to come.

∙ Unique Opportunities to Cultivate Donors

∙ Emphasis on Financial Budgeting & Planning

∙ Resilience & Flexibility of Talent

26 How Not-For-Profit Organizations Can Use Creative Tactics to Persevere into the Future