Welcome to the Non-Profit Recession Watch blog site

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Toronto, Ontario, Canada
The Non-Profit Recession Watch blog has been developed by ReStructure Non-Profit Consulting (www.restructure.ca) as a means to provide leaders of non-profit organizations with a central repository of information on the recession as well as strategies, tips, and resources to manage the impact of the recession on the organizations they lead. Information relating to the recession and its impact on Canada, US and UK will be updated daily in the "Recession Watch Data & Informaiton" sections below, and blogs will be written to provide information on how the recession has impacted the non-profit sector specifically. Please feel free to share information, news and resources with me - Betty Ferreira at blog [at] restructure.ca.

Wednesday, March 18, 2009

Ontario Trillium Foundation releases "Challenges and Opportunities for Ontario's Not-for-Profit Sector During Tough Economic Times"

The Ontario Trillium Foundation released the "Challenges and Opportunities for Ontario's Not-for-Profit Sector During Tough Economic Times" report.

Key findings from this report:
- Non-Profit organizations in Ontario are concerned about the potential impact of the recession on the organizations they lead,
- Approximately one-third of the organizations were already experiencing serious economic impacts and there is fear that the recession will get worse,
- A number of community and social service organizations are realizing an increase in the demand for their services,
- Stock market declines have impacted the value of endowment funds
- A number of corporate donors and sponsors are frequently not renewing sponsorship/grants

However, Ontario's non-profit sector is working to develop survival strategies, says Robin Cardozo, CEO of the Ontario Trillium Foundation.

These strategies include:
- sharing best practices,
- looking for new ways to collaborate
- looking for new ways to diversify funding and fundraising
- engaging funders in ways to have greater impact with fewer dollars
- reducing costs

The non-profit sector in Ontario is enriched by this research and as such, I would like to congratulate the Ontario Trillium Foundation for deciding to conduct this research, having this important dialogue with non-profit organizations, and sharing this research with the non-profit sector.

For more details and information on this report please read the full report -"Challenges and Opportunities for Ontario's Not-for-Profit Sector During Tough Economic Times" - on the Ontario Trillium Foundation website.

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