Certified in Nonprofit Strategic Restructuring
Patton McDowell & Associates own Margaret Andrews recently completed an intensive three-day training session focused on nonprofit strategic restructuring. Foundation For The Carolinas (FFTC) hosted the training and it was presented by La Piana Consulting, a national expert on nonprofit mergers and consolidations.
The interactive training allowed participants to create mock nonprofit mergers that included board members, staff and role-played negotiations. A range of nonprofit restructuring options were presented along with the typical timelines associated with each.
Three points taken from the training included:
- There are a wide range of restructuring options – from collaboration (a loose mutually beneficial relationship) to a complete merger (two or more organizations integrate both programmatically and administratively).
- Mergers are a very time-consuming, detailed, and emotional process.
- A consultant is essential to serve as a third party negotiator and to unbiasedly steer the process.
Mergers are a hot topic with nonprofits today and FFTC is providing funds to nonprofits to explore these opportunities and hire consultants. Contact PMA if you would like to discuss your merger options.