Leadership transitions are a natural part of any nonprofit’s life cycle. Whether it's a retiring founder, a new executive director, or changes on the board, these shifts can bring opportunities for growth—but they can also create uncertainty, especially when it comes to finances.
Without a clear plan, financial operations can falter during a leadership change, leading to missed reporting deadlines, confusion over responsibilities, and even loss of donor confidence. The good news? With the right systems and communication in place, you can navigate these transitions smoothly and safeguard your organization’s financial health.
Here are best practices to help you manage financial continuity during nonprofit leadership changes.
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