Succession Planning

The COVID-19 pandemic has elevated the need for nonprofits and businesses to be prepared for any crisis, which includes having a basic emergency succession plan in place. Yet only 23% of nonprofits have any succession plan in place at all.

 

The Idea Loom can help you with tips and tools for taking the stress out of effectively developing your own plan.

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Contact us to schedule an initial consultation.

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A few helpful resources:

• The Nonprofit-Executive Succession Planning Toolkit offers guidance on emergency and planned successions. (Federal Reserve Bank of Kansas City)

• Executive Transition (BoardSource)

• Building Leaderful Organizations: Succession Planning for Nonprofits (Annie E. Casey Foundation)

• Planning for Leadership Emergencies in Nonprofits (Nonprofit Quarterly)

• Succession Planning Should Not Be Taboo (National Council of Nonprofits blog post)

• Emergency Succession Planning Template (Center for Nonprofit Advancement)

• Cost of Employee Turnover Calculator (Nonprofit Leadership Alliance