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Philadelphia Magazine: The Biggest Ideas of 2016

Saturday, October 15, 2016   (0 Comments)
Posted by: Amy Seasholtz
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Excerpted from

Philly Rebooted:
The Biggest Ideas of 2016 — and Beyond

The big idea: Keep nonprofits afloat

 
Photography by Gene Smirnov

Photography by Gene Smirnov

Nadya K. Shmavonian, 56
Director, Nonprofit Repositioning Fund

What’s the goal of the Repositioning Fund? Leaders and boards of nonprofits should be talking about succession planning; they should be having conversations about mergers and acquisitions, or other ways to make each other stronger by joining forces. In the for-profit sector, these thoughts are a normal part of doing business; you’re always looking at your potential aligned partners and your competitors with an eye toward whether there’s a way to unite. The overarching objective of this fund is normalizing the conversation in nonprofits.

Why the urgency to work on this now? The whole compact between funders and nonprofits is very different than it used to be. There’s been a proliferation of nonprofits and not enough funding to go around. Something isn’t right, and I don’t see it ever going back to the way it was in the good old days.

What role do you play in facilitating these collaborations, mergers and shared resources? I am most definitely not a yenta. I don’t do matchmaking. If somebody comes to me and they have a partner in mind, then we begin the discussions formally. If you’re a nonprofit and you may be making a decision to merge or go under, there’s the dynamic of how and when you go talk to your funder about that. I am Geneva. I am a safe space where people can share what they’re struggling with.


Read more at http://www.phillymag.com/business/2016/10/15/philadelphia-innovation-startups/#xAx56BgKBCwdGArJ.99


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