July 2, 2009

Tips for Creating a Plan B

By Ben Gose

Charities should consider creating a contingency plan to identify steps they would take to insure that their organization remains viable, even if revenues were to drop sharply. Here are some steps recommended by consultants who are working with charities on contingency plans:

Set priorities. Identify programs that are essential to the charity's mission, and those that contribute to the charity's financial health. Programs that meet both criteria are clearly worth saving. Those

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