Effective Budgeting and Financial Management in Uncertain Times
This webinar is led by Bridgespan, a nonprofit management consulting firm that has worked with hundreds of nonprofits over the past 20 years. During this webinar, Bridgespan will share its perspectives on how organizations can be effective financial stewards, with a specific focus on strategies that are important to keep in mind during times of uncertainty like the COVID-19 pandemic. This session explores questions such as:
What best practices in financial management should leaders employ, especially given the current situation?
What strategies and tactics can nonprofits use to effectively manage and conserve cash flow?
How should leaders develop and execute against different medium-term and long-term budget scenarios?
About the Speakers
The Bridgespan Group is a leading nonprofit management consulting firm that has worked with hundreds of nonprofits over the past 20 years.
Mandy Taft-Pearman is a partner and the chief operating officer at The Bridgespan Group. As COO, she helps to set and manage Bridgespan’s annual strategic and operating agendas, and oversees the HR/Talent, Finance, and Information Service functions of the company.
Preeta Nayak is a partner and head of leadership & community services at The Bridgespan Group. She has worked across a variety of sectors in her time at Bridgespan, and is especially focused on issues related to leadership development and organizational effectiveness. In 2015, Nayak authored “DIY Leadership Development,” in the Stanford Social Innovation Review.
Lindsey Waldron is a manager at The Bridgespan Group. She has worked with nonprofits across a variety of sectors, including education, child welfare, and public health. Prior to Bridgespan, Waldron was an Education Pioneers Fellow, and a teacher, and had also spent time in the private sector with both PwC and Bain & Company.
Presentation Materials
Scenario Planning Toolkit from Bridgespan
Nonprofit Scenario Planning blog post from Bridgespan
Additional Follow-Up Materials including cash flow and scenario-planning templates
Other Resources
Nonprofit Finance Fund: Nonprofit Financial Trainings and Templates
BoardSource: Financial Oversight and Accountability Resources and Tools
Wallace Foundation Financial Management Tools: Nonprofit Finance Tools and Templates