Nonprofit Finance Fund Professional Development Program
In 2011, the Nonprofit Finance Fund (NFF) launched the second year of an initiative to strengthen the nation's leading arts and culture organizations. Through a grant from MetLife Foundation, NFF will provide members of TCG, Dance/USA and the League of American Orchestras with financial guidance, tools, training and support to address the challenges precipitated by the current economic downturn. The services offered will be customized based upon need and will include webinars, workshops and office hours.
Information about the NFF Professional Development Program services will be posted on the NFF Group website where you can find general information, updates and the ability to register for upcoming events. If you are a TCG theatre company member and would like to access the NFF Group website, please email Rachel Hutt .
Services from the NFF Professional Development Program
Webinars
One-hour webinars will be made available for instant download and will focus on key areas of financial concern including Sound Financial Planning, Cash Flow Planning, Critical Elements in Not-for-Profit Financial Statements, Accessing and Managing Credit and Strategic Alliances and Partnerships in the Arts. Webinars will not be "live"; they will be available for immediate and regular download. Related and relevant Q and A can be addressed on the NFF Group website.
Workshops
NFF workshops offer members of TCG, Dance/USA and League of American Orchestras a wide range of services that help them stay in balance and in business. In these interactive workshops organizations of various sectors, sizes and situations learn how management and financial decisions affect their mission and health.
NFF Office Hours
NFF Office Hours are free consultation sessions available to TCG members to discuss a specific financial concern of the participant's organization, covering topics such as financial basics, optimizing the value of financial reporting and financial planning and strategy. Office Hours may be scheduled now through September 30 (pending availability) and consultations will last up to one hour and can be conducted in person (NFF’s NYC Office, 70 West 36th Street, 11th Fl. New York, NY 10018) or by phone. A limited number of these one-on-one coaching sessions will be available to our members! Registration is now closed.
Participants are encouraged to bring (for in-person sessions) or email (for phone sessions) relevant reference material for use during the consultation, including financial reports, budgets or audits. NFF experts will not be able to review materials in advance. NFF staff will contact you within 3 to 4 business days to confirm. Please note that that meetings will be scheduled at staggered points between June and September.
Calendar of Upcoming Events:
TBA
Related Webinars Created Specifically for TCG Member Theatres
(Available for Download Now!)
Endowments and Capitalization
This webinar discusses the basics of endowments, especially how they relate to theatres. The webinar provides some useful tips on deciding whether or not an endowment is right for your theatre as well as offers some alternative ways to help strengthen your theatre's capital structure.
Endowments and Capitalization is available for download. The full webinar may take as long as ten minutes to download, depending on your connection speed.
Facility Projects: Planning, Funding and Financing Strategies
This three-part webinar demystifies the various fundraising and financing strategies available to pay for a facility project. Study the impact acquisition can have on your organization's mission, programs, structure, operations, fundraising and financial health. Topics include planning for your upcoming project and understanding its impact on your organization; the relationship between operating, project and fundraising budgets; an overview of cash flow statements; and the lending process and various financing options.
Session 1: Impact on Operations - Understanding the impact of a project on the current operations of your organizations
Session 2: Building the Project - How to create and manage the critical budgets of a facility project
Project Timing and Cash Flow - How to coordinate the timing of your project with the appropriate sources of funding or a combination of such sources
Session 3: Financing Your Project - How to pay for your project using several different sources financing and understanding the loan underwriting process