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NOT21104
Nonprofit Organizations: Mergers, Acquisitions & Strategic Realignment
Date
June 2, 2021
$79
Standard Price
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The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Asso…
Mergers, acquisitions and more specifically, strategic partnerships are taking place in a challenging nonprofit landscape with increasing frequency. This is a result of myriad pressures facing nonprofits as a result of a pandemic that continues to impact the global economy. Such challenges leading to the need for partnerships include but not limited to liquidity and resource challenges, operational efficiency, sustainability and resiliency and ultimately achievement of mission and impact.
As we examine the options available to nonprofit organizations, there are three critical pillars of a successful strategic partnership to focus on: synergy, resources and culture. When considering a form of a strategic partnership, it is important that organizations evaluate and ask themselves the following:
- What synergies can we create with existing operations that would have the greatest impact?
- Would the partnership create the resources, infrastructure, experience, and capacity necessary to succeed?
- What important cultural and mission centric balance is needed in order to thrive?
Learning Objectives
- Identify good practices for a successful merger, acquisition or strategic alignment.
- Determine the advantages and disadvantages of mergers and acquisitions.
- Assess the financial feasibility of a merger or acquisition.
Speakers
Adam B. Cole, CPA, CGMA
Co-leader, National managing partner, Nonprofit & Education Industry practice, BDO USA, LLP
Audit DIrector, BDO USA, LLP
General
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