Key actions to take in Trump 2.0βs uncertain funding environment
Nonprofits are navigating extreme levels of financial and operational uncertainty again just as they did during the first Trump administration. The best way to respond to uncertainty is a combination of planning, risk mitigation and innovation.
ποΈ Contingency Planning ποΈ with key team members can run organizations through different sets of legislative and budget conditions and replan responses, communication and actions should given scenarios take place.
β³οΈ Risk mitigation β³οΈ involves assessing an organization's exposure to different types of risk, such as market dynamics, funding, credit & liquidity, compliance, strategic, and operational risk. Where is the organization strong? Weak?
π Innovation π can be as simple as a change in staff mindset or as complex as as investing in a new technology tool to increase productivity. But both push the organization to improve where possible in conditions that are uncertain.
We support organizations with whatever strategic need they're facing. Let's chat if you're an organization who wants a plan of action and conviction while facing uncertainty.
And if you're reading this and you don't work in nonprofits, consider making a donation to a cause you are passionate about this week. Our sector will appreciate it!!