In December 2023, the organization where I work, the Post Growth Institute (PGI), lost half of its funding for 2024. Our major funder was withdrawing support for three-quarters of their grantees, and we were one of them.
Our cash-flow projections showed a four-month runway until we wouldn’t be able to make payroll. At the time, 10 out of our 23 paid staff relied fully—or almost fully—on income from our organization to sustain themselves and their families. This was the gravest threat we’d faced in our 14-year history.
Over the next six months, something incredible happened. While our bank balance evaporated—right down to $50—we didn’t lose a single employee.
This is the story of how we did it, and what we learned.
Read the rest at Nonprofit Quarterly
Add new comment