Nonprofits need succession planning, too
As Baby Boomers approach retirement age, nonprofit organizations will face a changing makeup of their boards of directors. To help, the N.C. Center for Nonprofits started a statewide initiative to help nonprofit boards of directors and executive directors plan for the massive changes in leadership expected as Baby Boomers retire.
The Center sees a “crisis” looming for North Carolina’s nonprofits. Some two-thirds of nonprofit executives across the country plan to retire or leave in the next five years, according to CompassPoint Nonprofit Services, which points out that many nonprofit leaders are Baby Boomers who founded their organizations and have led them over two or three decades.
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