Revenue loss, increased expenses, shifts in funding – the issues nonprofits are facing in the wake of COVID-19 are numerous. In fact, survey results published in the 2020 First Edition of Commonwealth Insights showed nonprofits have experienced a revenue loss of $8.6 billion with more than half of those responding reporting that they needed to make reductions in their workforce. To address these challenges, many nonprofits are looking towards business consolidation strategies as a means of achieving sustainability.
In this webinar, Eric Curtis of Curtis Strategy and Melissa Sampson McMorrow of Nutter McClennen & Fish LLP will explore: Why and when a nonprofit should consider a merger or affiliation; how to best identify potential partners; the common legal and operational issues that may arise ; the benefits and long-term potential of this strategy ; and how to successfully manage and operate a nonprofit through this type of change.
Date & Time: Wednesday, November 10, 10-11am
Learning objectives include:
- Define the difference in strategy in relation to mergers and affiliations and the benefits and drawbacks of each
- Recognize why and when a merger or affiliation should be considered
- Understand what a nonprofit can expect and demonstrate how to best prepare
Register Today!
Presenters: Eric Curtis, President & CEO, Curtis Strategies; Melissa Sampson McMorrow, Chair, Tax Department; Co-Chair, Nonprofit and Social Impact practice group, Nutter McClennen & Fish LLP
About the presenters:
Curtis Strategy is an Associate Member of the Providers’ Council and partners with leaders of nonprofit organizations to tackle their top challenges and capture their greatest opportunities. Our purpose is to create positive change in the world through the success of our clients. At Curtis Strategy we drive the change and evolution of nonprofits into the future by working collaboratively with organizations to align the right resources, design innovative strategy, and create customized plans leading to future growth and sustainability. We specialize in Strategic Planning, Organization Design, Board Governance, and Merger and Affiliation (M&A) Strategy.
Melissa Sampson McMorrow co-chairs Nutter’s Nonprofit and Social Impact practice group, is the Chair of its Tax Department, and serves on the firm’s Executive Committee. Clients in the human services, health care, higher education and other nonprofit sectors rely on Melissa’s technical, but pragmatic advice on a wide range of issues related to tax exemption, including advice on structuring and operating considerations involved with affiliations, mergers, consolidations, and related matters. Melissa continues her leadership outside of Nutter having previously served as the inaugural co-chair of the Boston Bar Association’s (BBA) Tax Exempt Organization Section and currently serving as the co-chair of the Section’s Chapter 180 Working Group.