Folks we can't ignore it. I don't think it's fully hit our area yet but I think it's just a matter of time. The Crashing of the American stock Markets <down almost 700 points on Thursday> is going to hit those of us in the Non-Profit world and I'm sure it'll hit the "Professional" Production world as well. I'd like to start this thread, if for no other reason, to document exactly how this type of disaster effects our industries.
My initial impression is that there is not going to be an immediate impact, such as there was with 9/11. I think most of us in the non profit world are really going to start feeling it during the second half of this current season. For those that don't know, a lot of the money raised by non profits comes in the form of "pledges", a corporation or foundation will agree to give a Theatre a certain sum of money of a certain period of time. Usually this money is paid out Quarterly or semi-annually. So most of us have our funding in place for the beginning of the year, the next couple of quarters are going to be a totally different story, I feel.
I'm going to be having a few meetings over the next week and making vows to start trimming corners everywhere possible. I definitely feel we shouldn't panic, but the ripples are going to be felt and bracing ourselves now may keep us from being totally blindsided later on.
So let's just keep an eye on things. Do a little reporting here, keep track of the ripple effect. I'm sure the punching bag will be full of posts relating to this topic, so let's keep this one mostly facts, tips and strategies
My initial impression is that there is not going to be an immediate impact, such as there was with 9/11. I think most of us in the non profit world are really going to start feeling it during the second half of this current season. For those that don't know, a lot of the money raised by non profits comes in the form of "pledges", a corporation or foundation will agree to give a Theatre a certain sum of money of a certain period of time. Usually this money is paid out Quarterly or semi-annually. So most of us have our funding in place for the beginning of the year, the next couple of quarters are going to be a totally different story, I feel.
I'm going to be having a few meetings over the next week and making vows to start trimming corners everywhere possible. I definitely feel we shouldn't panic, but the ripples are going to be felt and bracing ourselves now may keep us from being totally blindsided later on.
So let's just keep an eye on things. Do a little reporting here, keep track of the ripple effect. I'm sure the punching bag will be full of posts relating to this topic, so let's keep this one mostly facts, tips and strategies