Muttart Foundation Releases New Report for Nonprofits and Charities

The Muttart Foundation, in collaboration with Miller Thompson LLP, has produced a resource to assist nonprofits and charities in coping with the financial hardships as a result of the COVID-19 pandemic.

The new report entitled Paths Forward in Financially Troubled Times – A Restructuring and Insolvency Guidebook for Charities and Non-profit Organizations is a guidebook that lays out a number of avenues that organizations can explore if they are financially stressed. The options listed in the report include continuing operations in a different legal form or in a collaboration, revamping finances to survive immediate threats to viability, and wrapping up the organization and its functions in a prudent and reasonable manner.

Click here to access the report.