Thelma Cross-Olden Foundation: Re-examining a Merger Proposition
(10 pages of text)
Thelma Cross-Olden Foundation (TCO), a non-profit organization, had supported the settlement needs of migrant women in Montreal, Quebec, for over three decades. However, in 2011, the foundation's revenue declined sharply. By 2018, the foundation was running into debt and had less than CA$50,000 with which to manage its operations and outreach programs. The decline in TCO's finances raised issues concerning the instability of leadership, the mismanagement of funds, and an overreliance on government agencies as a key source of generating revenue. In an attempt to reinstate the financial position of the foundation in 2019, the newly appointed chief executive officer needed to decide whether to reconsider the merger deal proposed by a reputable large global charity or to search for new avenues to generate funds.
This case is suitable for early use in undergraduate- and graduate-level courses on strategic management and non-profit management. The case introduces students to various strategic merger options within the non-profit sector. It also provides students with the opportunity to identify and critically analyze the fundraising channels that managers can use to sustain a non-profit organization. After working through the case and assignment questions, students will be able to do the following:
- Examine management and financial issues in a non-profit organization.
- Discuss the effectiveness of mergers as a strategy to sustain business operations of non-profit organizations.
- Evaluate and negotiate merger options to create value for non-profit organizations.
- Assess different fundraising channels available in the non-profit sector.
Canada, Small, 2019
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