The ‘One Action” They Did Not Take…
Tom Suddes | March 15, 2010
I saw this chart in Chronicle of Philanthropy.
Responding to the Recession:
Actions Charities TookReduced Spending: 87%
Examined programs for consolidation or elimination: 58%
Reduced personnel: 54%
Delayed capital projects: 49%
Postponed IT expenditures: 35%
Implemented other benefit reductions/increase in co-pays: 7%
Reduced salaries: 24%
Increased liquidity: 23%
Secured/drew down on lines of credit: 19%
Reduced or eliminated contributions to 403(b) and 401(k) plans: 15%
Outsourced to reduce costs: 12%
Reduced level of alternative investments: 11%
Eliminated spending of underwater endowments: 10%
Established furloughs: 10%*Note: Nonprofit leaders were able to select more than one answer.
Source: Grant Thornton
Reduce spending. Consolidate or eliminate. Reduce personnel. Reduce salaries. Reduce this. Reduce that.
How about the ‘ONE ACTION’ that these “CHARITIES” did not take:
INCREASE REVENUE!!!
RE-DUCE… instead of RE-THINKING, RE-DESIGNING, RE-ALLOCATING, RE-IMAGINING, RE-ANY OTHER WORD… how to INCREASE their RE-VENUE.
The above makes me sick.
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Stop Focussing on Your Organization! — Niels Teunis - March 16th, 2010 9:06 pm
[...] Tom Suddes of For Impact, showed this chart from the Chronicle of Philanthropy. It indicates that all nonprofit organizations have done in response to the downturn in the economy is reduce, shrink, downsize, eliminate, consolidate… [...]