Financially Robust Nonprofits: How Successful Organizations are Diversifying Resources. In today’s market, nonprofit organizations are looking for ways to diversify revenue, understanding the connection between unearned (donated) and earned revenue. But the truly successful nonprofits also understand the role that borrowing (debt) can play in managing for financial strength. In this session, you will learn how debt can be a responsible part of your business strategy, ways in which your organization might use short-term debt for managing cash-flow, bridging gaps during an important capital campaign, and more! Please invite your CEO, your Finance Director, your Board Chair and Board Treasurer. They will appreciate hearing this information!
Association of Fundraising Professionals-Southern Arizona
Monthly Meeting: Friday, October 13th from 7:30-9am
Doubletree Hotel, Tucson
Maura Grogan, Director, Nonprofit Loan Fund of Tucson and Southern Arizona
Carrie Brennan, Executive Director, City Center for Collaborative Learning
Michelle Conklin, Executive Director, Tucson Botanical Gardens
Kelly Fryer, Chief Executive Officer, YWCA of Southern Arizona
After Maura’s presentation, each panelist will answer these questions:
- Why did your organization decide to borrow and what did you use the money for?
- Were there challenges in convincing your board to take on a loan and how did you meet those challenges?
- At the end of the day, was borrowing the money a good decision?
More about Maura
Maura Grogan joined the Nonprofit Loan Fund as Director in June 2014 after more than two decades working as an independent consultant to financial institutions, nonprofits, and Native nations. Since moving to Tucson in 1999, Maura has consulted extensively with Arizona nonprofits. Prior to that, she spent 11 years in banking, working for First Interstate Bank and Bankers Trust Company in Los Angeles and HomeFed Bank in San Diego in a variety of areas, including Fortune 500 company lending, foreign currency trading, international marketing, and consumer banking. Maura chaired the boards of the Frank Lloyd Wright School of Architecture located in Scottsdale and Spring Green, Wisconsin, and the Women’s Foundation of Southern Arizona in Tucson; and has served on many nonprofit boards during her career. Maura has a bachelor’s degree from Yale University.