Tracy Kaufman writes on Philanthropy Front and Center - New York today about the complicated topic of nonprofit mergers. As part of a longer series on nonprofit collaboration, Tracy tackles the merger issue with answers to questions such as: Why do nonprofits merge? What types of obstacles might come up? What can be done to facilitate the process? The post concludes with a list of resources for further reading to learn more about mergers.
The post follows from a Foundation Center seminar held on July 27, Nonprofit Collaborations: Focus on Mergers:
Our expert panel was moderated by Sandra Lamb, president and CEO of Lamb Advisors, and featured Ethan Kahn, audit manager at MBAF-ERE CPAs, LLC; Linda S. Manley, legal director at the Lawyers Alliance for New York; and Jill O'Donnell-Tormey, executive director at the Cancer Research Institute. The presenters stressed that while a merger can be extremely beneficial for your organization's financial well-being and your mission, it is also a complicated, costly legal undertaking, fraught with obstacles along the way. Below are a few of the things they recommend that you think about when considering a merger, and ideas on what can make the process more successful.
Read the full post on the New York blog.
If you're interested in learning even more, Grantspace offers several resources on the topic. Here's a selection:
- Philanthropy Chat: Tom McLaughlin Discusses Mergers and Alliances (podcast)
- Knowledge Base entry on collaboration, including mergers (FAQ)
- Upcoming event: Come Together: Successful Bay Area Partnerships (San Francisco event)
An earlier version of this post credited the Philanthropy Front and Center post to Ines Sucre; the post was written by Tracy Kaufman.