If you have watched or read any news since the UK voted to exit the European Union last week, it is very likely these words were mentioned in the coverage:
Financial markets have dropped sharply. Nobody is quite sure what will happen.
I don’t know about you, but this certainly put me on edge. It made me wonder:
- Will corporations slow down their giving?
- Will individual donors, especially those near or in retirement, be scared to make a gift?
- Will foundation endowments fall again?
And it doesn’t help that even the world’s best economists don’t know if we are looking at another recession or just a short-term dip.
Should we just put our heads in the sand and hope for the best?
No! Nonprofit folks are the most resilient, smartest people I know.
We are out there working to solve the words toughest problems. We do not let fear and uncertainty overwhelm us.
But hope is not a strategy.
After the recession of 2008 we all learned a lot about what to do in the face of economic uncertainty and the fact that every member of nonprofit leadership plays an important role in getting through a crisis.
So allow me to suggest three steps to make sure you eat the Brexit for breakfast and not the other way around.Continue Reading