"Working capital and the resiliency of BIPOC-serving organizations": What we're reading
In "Buffering Against Uncertainty: Working capital and the resiliency of BIPOC-serving organizations," Rebecca Thomas principal at Rebecca Thomas & Associates, and Zannie Voss, director of SMU DataArts, delve in working capital levels of arts and cultural organizations, emphasizing on BIPOC-serving organizations.
The authors state:
We offer suggestions for grantmakers as they invest in the recovery and rebuilding efforts of their grantees. As cultural organizations adapt for an uncertain future, we recommend they undertake immediate planning to assess short-term liquidity needs and identify strategies for stabilizing and restoring healthier working capital post-pandemic.
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