Wednesday, June 25, 2008
Article Provides an Indepth Look at Nonprofit Mergers Through the Eyes of the Minneapolis/St. Paul Twin Citiies Red Cross
Below is a summary of a recent article entitled, "Putting Good Will To The Test: Nonprofits Find Mergers Can Be A Messy Business At Times," written by Scott Russell, and published through Minnpost.com, which is a non-traditional print and web-based publishing source of articles written by professional journalists who exert greater control over their article's content in order to provide more in-depth and comprehensive coverage of a news topic. Here is the summary:
When nonprofit organizations face mounting service demands and tight budgets, an oft-offered solution from funders and academics is: "think merger." Though some combinations work out eventually, the process can be grueling if not "pretty awful," says Jan McDaniel of the Twin Cities Red Cross. McDaniel and other executives from merged nonprofits share what they've learned.
You can find the full story at Minnpost.com by clicking here.