The Nonprofit Finance Fund and The Chronicle of Philanthropy are presenting a series of free live web chats called “Financial Management in
Tough Times” – Free Advice for Managing Your Organization Through the Recession.

Misnomer Dance Theater’s Artistic Director Chris Elam will be a guest at this week’s chat, “New business models for arts organizations” which will take place online on Thursday May 28th at 12 noon (EST). Other participants include Clara Miller -  president and CEO of the Nonprofit Finance Fund, Steve Runk – Executive Director of the New Jersey State Council on the Arts, and Holly Sidford – a strategic planner, program developer and fundraiser.

Official description from the NFF:

Thursday, May 28, 2009 at Noon (EST)
New business models for arts organizations

Arts organizations face unique challenges in weathering the recession. Many groups are facing a significant decline in their audiences as patrons cut their expenses. Many others are seeing a drop off in charitable support.

This discussion will give arts leaders and those who support them an opportunity to talk about new, promising approaches to overcoming financial pressures, driving profits and business outcomes, managing high capital costs in the current market, and connecting with audiences in new ways.

To join, visit http://philanthropy.com/live/recession_series/ on May 28th at 12noon (ET) and click “Join the Discussion”. If you can’t join us live, check back after the chat for the complete transcript.

To submit questions now, visit http://philanthropy.com/live/recession_series/. Questions submitted in advance have a better chance of being answered.

To read the transcript of last week’s web chat “Nonprofit Financing Options in Recession”, visit http://philanthropy.com/live/2009/05/financing_options/index.shtml.