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Program Preservation Initiative: Coping With the Economic Downturn
Lawyers Alliance helps nonprofits cope with the legal impact of the Economic Downturn at a time of increased demand for their services. There are strategies that nonprofits can adopt to preserve programs and manage risks caused by anticipated cuts in State and City budgets, decreases in foundation support, and rising pressures on individual donations.
In 2008-2009, we are making it a priority to offer legal representation services and educational programs that foster stability and support the resilience of the nonprofit sector during this challenging financial period.
This month's board topic is Mergers and Strategic Alliances
1. What is a "merger"?
2. What is a "strategic alliance"?
3. What are some of the motivating factors for a nonprofit organization considering a merger or strategic alliance transaction?
4. How is a nonprofit organization’s “mission” relevant to a board’s consideration of a transaction?
5. Why should a nonprofit organization conduct diligence before choosing a proposed merger partner?
6. What sort of diligence should a nonprofit organization conduct?
7. What are the general “mechanics” of a merger that boards should understand? What steps must be taken to approve a merger, and from whom might the organizations need consent?
For answers, see our most recent Legal Alert on Mergers and Strategic Alliances.
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