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When to partner and collaborate with other nonprofit organizations

(Nonprofit Financial Management 11/12) Nonprofits are exploring new ways to work with like-minded organizations. In this webinar, you will learn how to recognize the conditions for successful collaborations, evaluate mission alignment, assess prospects, and facilitate productive conversations with potential partners. NFF will cover the difference between partnership and collaboration, strengths and full costs in partnerships and collaboration, value propositions for collaboration, partnership and collaboration finances, and potential barriers to forming new partnerships. For more information and to download the slides and companion workbook: https://nff.org/fundamental/nonprofit... In this video: 00:00 - Intro 01:08 - Land acknowledgment 03:22 - Background on NFF 05:22 - Group norms + upcoming sessions 07:35 - Learning goals 08:52 - What are potential benefits of collaboration? 10:54 - Form follows function 13:06 - McKinsey & Company capacity framework 17:16 - Partnership v Collaboration 18:58 - Forms of collaboration vary by level of integration 23:00 - Why do nonprofits collaborate? What are common collaboration areas? 28:36 - Are you ready to achieve your collaborative aspirations? 30:29 - 1) Knowledge: Do you have enough information? 33:15 - Example: Data knowledge gap 35:04 - 2) Trust: Have you built solid relationships? 40:12 - 3) Resources: Do you have resources to invest? 44:01 - 4) Risk: Can your organization sustain the work? 47:17 - What are the full costs of collaborating? 48:20 - Self-assessment: Core strengths 50:20 - 1) People & Skills 51:42 - 2) Relationship & Reputation 53:04 - 3) Data & Know how 54:32 - 4) Financial 56:00 - Reflection: What do you bring to a collaborative relationship? 58:11 - Recap: Assessing partner organizations 1:00:07 - Developing your collaboration value proposition 1:03:06 - Outro #nonprofitfinance #NonprofitTips #CDFI