The CEO for Dance New Amsterdam says in the Wall Street Journal, "it will close its doors for good if it doesn’t raise $50,000 by Friday". According to the article, the organization has filed for Chapter 11 and is facing a big cash crunch.
Hm...I don't know enough about the organization to know how far $50K can really carry but I don't ever get a good feeling about this type of "cry for help" news. My first question: what is the board doing about this? Sending the exec to the press to beg?
As fundraisers know, this kind of fundraising often has long-term repercussions. Great fundraising is about long term relationship development -- this is certainly not that.
And what do we know about what led up to this situation? What do we know about what has been done besides Chapter 11 filing to prevent or fix the situation? And finally, what do we know about who loses if this studio closes or who might win if it for instance merged with another group? Alas, the article does not provide any of this data.
My bottom line: I have little hope for this group's future and I would suggest that responsible governance would be looking for a good merger.