CLIENT SPOTLIGHT: Grillo's Pickles

If you haven't been to the Grillo's Pickles website, you should. There, you'll find the fantastic story of how this company began. We've copied part of it here to save you a click.

Grillo's Pickles began with a pickle cart, just a small wooden stand in downtown Boston, where Travis Grillo and his friends would sell two spears for one dollar. Travis would make the pickles by night using his family's 100-year old recipe - one he'd memorized from making pickles every summer as a kid. In the morning, Travis would bike to the Boston Common and set up the cart with his buddies. They'd hang out all day, urging people to try the simple Grillo family pickle. It was a small business but Travis worked hard for it. He made more pickles, biked more miles, and slept less hours than he ever had before.
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CLIENT SPOTLIGHT: Factory Five Racing

Factory Five Racing was founded in 1995. Over the years they have grown from a start-up business in a small garage to become the world's largest manufacturer of "build-it-yourself" component car kits. They employ a full-time crew of about 40 people, and are located in Wareham, Massachusetts (about an hour south of Boston). They make their products right here in the USA, in the heart of New England where American manufacturing was born.
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Fred and Danny Magnanimi grew up watching their father create beautiful, handcrafted jewelry in the family's Cranston, RI jewelry manufacturing business. When the boys grew up, Fred moved to New York and began working on Wall Street as an investment banker, while younger brother Danny, still enamored by the family business, stayed home. Increased competition from overseas businesses created significant challenges for the business, but Danny was confident he could find a way for the family business to evolve and thrive. This was his mission, this was his passion.
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        How Nonprofit Organizations Can Mitigate Risk in Light of Coronavirus Pandemic

        The coronavirus, also known as COVID-19, will impact how nonprofit organizations deliver mission-based services for the foreseeable future. Below are some action steps nonprofit executives, leaders and board members can take to minimize risk and mitigate the impact of the pandemic.

        • Review obligations in any grant award contracts, whether you are a funder or a grantee. Review any timelines for performance of services or events that may be impacted by closures, and work to appropriately amend the contract.
        • Review minimum distributions from endowed funds. Review obligations in bylaws or committee charges to assess who has the authority to make these decisions and consult investment professionals. Develop or review investment policy statements.
        • Review insurance coverage in place for the organization to assess protections and gaps in coverage. These insurances include director and officer insurance, property insurance, cyber liability, general liability and insurance coverage related to social services.
        • Review the diversity of funding streams and strategically plan for the future. Many nonprofit organizations have canceled fundraising events or should consider the risk of planning such events in the upcoming weeks and months. Review fundraising strategies to move away from relying on a single source of funding, and building comprehensive strategies, including a planned giving program.
        • Educate your board members, staff and donors about the status of services and funding requirements for the organization. Board members should take extra care in exercising their duties as board members in these uncertain times and understand the unique needs of the organization. Boards should review bylaws and amend if necessary, to allow votes by email and meetings by telephone.
        • Review sick leave policies and educate employees. Review policies surrounding technology, remote access and confidentiality.
        • Seek opportunities administered through community foundations, the U.S. Small Business Administration and affiliated government entities to provide low interest loans and funding for the benefit of nonprofit institutions impacted by COVID-19.

        Partridge Snow & Hahn’s Charitable & Nonprofit Organizations Group is ready to answer questions and to provide advice on how to address general and specific risks posed by the coronavirus.

        For current information and resources visit our COVID-19 Advisory Group page