INSIGHTS
Congratulations to Advocates, HMEA, and Family Continuity on their groundbreaking nonprofit merger!
Advocates, HMEA, and Family Continuity's groundbreaking merger marks a significant milestone in human services in Massachusetts and Rhode Island. By combining their strengths, this unified organization is poised to make a profound impact on the lives of over 40,000 individuals, setting a new standard for comprehensive care. This strategic alliance is a testament to the power of collaboration and shared vision, promising to transform the landscape of care in the region.
Ten Steps to Reinvigorating a Partnership Gone Bad
Nonprofit partnerships are wonderful when they work as intended. Great partnerships can help amplify your story, augment your capacity, accelerate impact, and much more.
But what about when they do not go as planned? Even when both parties have done their due diligence before signing on the dotted line, there are times that partnerships require renegotiating or unplanned, early closure.
While it may feel easier to let a not-so-great partnership to slowly fade, it's actually better in the long run to lead with a professional, proactive approach to addressing issues in a constructive way.
Follow our ten steps for reinvigorating a nonprofit partnership and get back on track today!
The Driving Forces Behind Nonprofit Mergers & Affiliations and Why Leaders Should Address Them
As organizations navigate the external forces and internal disruptors that are impacting and shaping each sector, we are seeing the pace of mergers and affiliations (M&A) accelerating with no signs of slowing.
While some organizations are being forced to consider M&A as a strategy for survival, others are embracing it as an opportunity to better serve their clients, build upon the beneficial work they are already doing, expand their reach geographically, and offer more to their employees.
Most nonprofit leaders today are aware of the forces driving mergers and affiliations, but any decision on what force or forces to address can’t be made without understanding how the organization(s) may benefit.
How to Talk with Your Nonprofit Board About Mergers and Affiliations
Making the decision to explore a nonprofit merger and affiliation can feel challenging enough. However, once that decision is made, it’s time to approach your Board of Directors. As nonprofit merger and affiliation consultants, we are hearing more and more from CEO’s and Executive Directors that want to know where and how to begin. Learn how to get started and what to do along the way.
M&A Success: Keeping It Local While Taking It Global
2022 is here and it has brought with it the on-going organizational strategy of nonprofit mergers and affiliations (M&A) as a means of growth, competitive positioning, and increasing resources to retain staff. While some organizations are considering this strategy for the new year, many others are just now beginning to experience the success that is a result of their efforts.
What is the the secret to their success?
Well, as nonprofit merger and affiliation consultants, we’d tell you it’s not much of a secret at all.