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The Pandemic and Its Impact on Delaware Valley Non-Profits

Event Description

COVID-19 has severely disrupted the nonprofit community, and is producing changes that will last for many years to come. Candid's baseline estimate is that 11% of the 316,000 largest nonprofits in the U.S. will go out of existence, though their worst-case estimate is that as many as 38% of nonprofits might fail.
 
Although the arts (along with higher education and hospitals) have suffered the biggest revenue losses, many of those organizations entered the pandemic with stronger balance sheets, often with endowments.
 
The damage has been greater for smaller nonprofits that provide a wide range of social services. Their ability to survive is threatened, even as demand for their services has never been higher.  Local food banks, homeless shelters, and health clinics have all been adversely impacted.   
 
Although the response to date from the local philanthropic community has been extraordinary - whether we reference individuals writing checks or using donor-advised funds or foundations (both community and private) - how long can donors maintain the pace? Moreover, the sharp drop-off in tax receipts means there will likely be significant cuts to state and local budgets. The recent expiration of federal relief to individuals means demand for social services is likely to be even higher in 2021.
 
Join to hear from the following industry experts about the overall nonprofit landscape in the Delaware Valley, discuss some of the challenges they are facing.  They will uncover options available to nonprofits to survive the pandemic, recover their footing, and move toward a sustainable future: 
 
Orlando Esposito
Chief Financial Officer, Philadelphia Foundation
 
Orlando Esposito joined the Philadelphia Foundation as Chief Financial Officer in April 2019.  Prior to joining the Philadelphia Foundation, he served as Executive Vice President and Head of PNC's asset management group and previously as EVP of its corporate banking group.
 
Dr. Laura Otten
Director of the Nonprofit Center at LaSalle University
 
Laura Otten, Ph.D., has served as a consultant and instructor for more than 35 years, distinguishing herself on both the national and local levels as an expert in nonprofit leadership, governance, strategic planning, evaluation, and other aspects of organizational management.
 
Nadya Shmavonian
Director, Nonprofit Repositioning Fund 
 
Nadya K. Shmavonian is Director of the Nonprofit Repositioning Fund and a partner at SeaChange Capital Partners. The Repositioning Fund is a Philadelphia-based pooled fund of philanthropic partners that encourages and supports mergers and other types of formal, long-term strategic alliances and restructuring opportunities among nonprofit organizations in the Greater Philadelphia 
 
Jeremy Tennenbaum, CFA, will moderate the session.  Jeremy is Senior Nonprofit Strategist at Vanguard, helping tax exempt organizations think about governance, fundraising, spending, financial sustainability, investment policy, and other issues.  Jeremy is a past president of CFAP, and currently serves on its board of directors.
 
 
Whether you work for a nonprofit organization, sit on the board of a nonprofit, or are a funder, this webinar will address the pressing issues facing the nonprofit community in the Delaware Valley.
 
Registration is free of charge. 

  

Speaker

 

Event Type

Society; Educational

Education Topic

 

Start Time

12/9/2020 2:00 PM

End Time

12/9/2020 3:00 PM

Event City

Virtual

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CE Credits

1

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N/A

Non-Member Price

N/A

Candidate Price

N/A

Registration

Click here to register.

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Event Short Info

The Pandemic and Its Impact on Delaware Valley Non-Profits

COVID-19 has severely disrupted the nonprofit community, and is producing changes that will last for many years to come. Candid's baseline estimate is that 11% of the 316,000 largest nonprofits in the U.S. will go out of existence, though their worst-case estimate is that as many as 38% of nonprofits might fail.

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Content Type: MyCFA Calendar
Created at 11/17/2020 4:03 PM by pconners@cfaphil.org
Last modified at 11/17/2020 4:04 PM by pconners@cfaphil.org