Houston Matters

How Will Low Oil Prices Affect Houston Nonprofits?

As oil prices continue to fall, there’s been some hand-wringing in Greater Houston over the potential impact on the region’s nonprofits. Some philanthropic organizations rely heavily on support from some of Houston’s major oil and gas companies, and as belt tightening continues in some portions of the energy sector, there’s concern that it could lead […]

As oil prices continue to fall, there’s been some hand-wringing in Greater Houston over the potential impact on the region’s nonprofits. Some philanthropic organizations rely heavily on support from some of Houston’s major oil and gas companies, and as belt tightening continues in some portions of the energy sector, there’s concern that it could lead to funding challenges for nonprofits here.

Is that worry well-placed or unnecessary? On the one hand, it’s logical: when some energy companies suffer, so too will regional companies they typically support. On the other hand: the Houston philanthropic community, just last summer, was rated as the healthiest in the nation.

We consider the potential implications of ongoing low oil prices on Greater Houston’s nonprofits with two guests: Shelby Hodge wrote an article about the slowdown for CultureMap Houston; and Kimberly Sterling with Sterling Associates, a Houston-based consulting firm specializing in nonprofit fundraising and marketing.

MORE: Lowdown on the Slowdown: As Oil Plummets, Houston Non-Profits Starting to Feel the Pain (CultureMap Houston, Jan. 11, 2016)

Share