On Day 12 of the COVID-19 & Fundraising Virtual Summit by Petrus Brenda Cannella, CFO for the Archdiocese of Denver, shared from his experience in budgeting and planning in a time of crisis.

Brenda discussed her experience in assessing fundraising results from the midst of the 2008 financial crisis and applying those lessons to development planning during her time with FOCUS.

She also talks about budgeting and forecasting, assessing vulnerabilities to stress test budgets, utilizing “rainy day” funds when rainy days like this arrive, and considerations for taking advantage of the CARES act for small business loans as part of the recent federal stimulus plan.

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"Over the past week, it seems like so much has changed. With thousands of confirmed cases of Coronavirus, or COVID-19, in the U.S., it seems like every hour another group is announcing a closure or cancellation. The question on our minds today is how will this affect our ministries? Regardless of who you serve, there will be shifts and changes that we have to be mindful of and adapt to.

At Petrus, we are committed to continuing to serve our clients and the nonprofit community now as much as ever. While this may be a scary time, it does not and should not be a time of inaction. In 2 Timothy, Paul says that the Lord “has not given us a spirit of fear or timidity, but of love, power and self-control.” Let us continue to work together on behalf of our ministries and our benefactors to build the Kingdom of God.

Join us for our FREE VIRTUAL SUMMIT every day from MARCH 17 - APRIL 3 for conversations and presentations about topics relevant to fundraising during and after the COVID-19 Pandemic."

Links & Resources:
https://www.petrusdevelopment.com/virtual-summit
https://www.facebook.com/petrusdevelopmentpage
https://www.facebook.com/groups/petrusdevelopment
Video Recording of Virtual Summit: https://www.youtube.com/channel/UCCUcssQJBzQ-Gy-aQMSR0pg/