Strategic Restructuring Roundtable Discussion with Nonprofit Leaders Who’ve Been There, Done That is FREE courtesy of Envision Consulting
1 Lesson / 60 Minutes / FREE
In this session, we heard from leaders who have walked this path and can share lessons learned, tips for success, and pitfalls to avoid.
We spoke with Sara Straubel (Program Officer, The Ahmanson Foundation), Wendy Carpenter (CEO, Penny Lane Centers) and Lori Gangemi (CEO, AbilityFirst) about their experiences with and perspectives on strategic restructuring.
WHAT ARE YOUR EXPERIENCES WITH STRATEGIC RESTRUCTURING?
03:45 – Wendy Carpenter
07:45 – Lori Gangemi
10:20 – Sara Straubel
WHAT WERE THE GOALS FOR THE MERGER? WERE THOSE GOALS ACHIEVED? WERE THERE ANY UNANTICIPATED BENEFITS?
12:00 – Wendy Carpenter
DO THE ORIGINAL GOALS FOR THE MERGER STILL SEEM REALISTIC AS YOU MOVE INTO INTEGRATION?
15:50 – Lori Gangemi
FROM A FUNDER’S PERSPECTIVE, HOW DO YOU THINK ABOUT “SUCCESS” IN STRATEGIC RESTRUCTURING?
20:00 – Sara Straubel
WHAT’S BEEN YOUR EXPERIENCE (THUS FAR) WITH PUBLIC AND PRIVATE FUNDING AFTER A MERGER?
24:00 – Lori Gangemi
26:15 – Wendy Carpenter
HOW DO FOUNDATIONS THINK ABOUT FUNDING DECISIONS DURING/AFTER A STRATEGIC RESTRUCTURING, PARTICULARLY IF BOTH ORGANIZATIONS WERE FUNDED PRE-RESTRUCTURING? FROM A FUNDER’S PERSPECTIVE, HOW IS STRATEGIC RESTRUCTURING VIEWED DURING COVID-19 OR A CRISIS?
28:50 – Sara Straubel
WHAT SUGGESTIONS DO YOU HAVE FOR BOARD ENGAGEMENT AND BUY-IN DURING STRATEGIC RESTRUCTURING EXPLORATION AND INTEGRATION?
34:40 – Wendy Carpenter
36:50 – Lori Gangemi
40:10 – Sara Straubel
WHAT SUGGESTIONS DO YOU HAVE FOR MANAGING THE TRANSITION WITH STAFF?
42:00 – Lori Gangemi
44:45 – Wendy Carpenter
46:20 – Sara Straubel
ANY OTHER TIPS OR LESSONS THAT YOU’D SHARE WITH NONPROFITS CONSIDERING A STRATEGIC RESTRUCTURING?
48:40 – Wendy Carpenter
50:45 – Lori Gangemi
52:45 – Sara Straubel
“HAS THERE BEEN ANY MERGER WHICH WENT THROUGH THE PROCESS INCLUDING FUNDING WHEN THE MERGER FALLS THROUGH AND THE ORGANIZATIONS CLOSE?”
53:40 – Sara Straubel
54:15 – Carrie Harlow
“WHAT’S THE AVERAGE TIME FROM START TO FINISH ON COMPLETING A MERGER OR STRATEGIC RESTRUCTURE?”
56:30 – Sara Straubel
“WHAT ROLE OR INTERFACE WITH BOARD CHAIRS AND BOARD MEMBERS HAS BEEN MOST BENEFICIAL? (GETTING THEIR TRUE SUPPORT IS CRUCIAL, BOARD EGOS CAN BE MASKED, TIME CAN BE LOST, AND GETTING TRUE FEELINGS ON THE TABLE)”
57:20 – Suzanne Elliott
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