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RE: Nonprofit Mismanagement: Financial Literacy Does Not Equate to Good Financial Leadership

in #nonprofits7 years ago

If there are two with similar missions and constituencies, and they're struggling, why not consider joining forces and growing together instead of dwindling away independently?

Only if the merged, weak institutions can offer mission and programs that make a compelling case for new and greater support. Rather than two weak and similar institutions joining up hoping to maybe thrive, better results might be had by aligning or merging with a stronger partner from a related field with some overlapping characteristics in mission and program. But we should talk about the risks in that scenario, too.