NC’s nonprofits need succession plans

NC’s nonprofits need succession plans

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It was a textbook example of how to pass the reins at a nonprofit – and, according to a new study from the North Carolina Center for Nonprofits, all too rare.

The center recently released “Countdown to the Inevitable: North Carolina Nonprofit CEOs in Transition” as part of a statewide effort to help nonprofits prepare for executive leadership transitions. The report is based on confidential surveys of more than 600 nonprofit CEOs and executive directors across the state.

Its findings are troubling.

Nearly one-third of nonprofit CEOs expect to leave their positions in the next two years, and more than half will leave in four years. But nearly three-quarters of nonprofits have not created a board-approved succession plan for their top leadership role. Meanwhile, half of survey respondents reported there is no one on their staff or board who would be a solid candidate to step into the top role if the CEO left today. Just 3 percent of boards have identified who will become the next CEO.

Source Name: 
The News & Observer
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