CFO THOUGHT LEADER

957: Mission-Centric Finance: MDA's Transformation Story | Michael Kennedy, CFO, Muscular Dystrophy Association


Listen Later

When Michael Kennedy first stepped into the CFO office at the Muscular Dystrophy Association (MDA) in 2018, he was surprised to learn that the association was spending $8 million annually on office space across the country.

“Why were we in these offices?,” asks Kennedy, voicing the question that helped to kick off the first of what he now characterizes as a multichapter digital transformation.

As it turned out, the 93 offices occupied by the MDA were a legacy of the organization’s historic Jerry Lewis Labor Day Telethon, a once-massive annual fundraising event for that had lost its mojo in the Age of the Internet.

“MDA wanted to have an office near every local television station that was participating in the Telethon broadcast,” explains Kennedy, who notes that the MDA offices needed to compete with local Girl Scout troops and firefighters to secure fundraising airtime on the local affiliates.   

“But the fact is that we had stopped doing the Telethon 8 years before I arrived,” reports Kennedy, who adds that the $8 million that the MDA had once paid in real estate fees now goes entirely to support MDA’s causes and mission—a development that the pandemic no doubt helped to accelerate.

He continues: “We now have a 100 percent remote office environment.”

Still, the pandemic put much of the transformation at the MDA into a holding pattern, as fundraising events and activities came to a near standstill. According to Kennedy, however, the MDA is now on its way to matching and even surpassing pre-pandemic fundraising levels, as it opens yet another impressive chapter in its healthcare history. –Jack Sweeney

...more
View all episodesView all episodes
Download on the App Store

CFO THOUGHT LEADERBy The Future of Finance is Listening

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

122 ratings


More shows like CFO THOUGHT LEADER

View all
The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

172 Listeners

The McKinsey Podcast by McKinsey & Company

The McKinsey Podcast

390 Listeners

PwC's accounting podcast by PwC

PwC's accounting podcast

180 Listeners

Coaching for Leaders by Dave Stachowiak

Coaching for Leaders

1,468 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,091 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

159 Listeners

TED Business by TED

TED Business

1,109 Listeners

Masters of Scale by WaitWhat

Masters of Scale

3,990 Listeners

Inside the Strategy Room by McKinsey & Company

Inside the Strategy Room

169 Listeners

Think Fast Talk Smart: Communication Techniques by Matt Abrahams, Think Fast Talk Smart

Think Fast Talk Smart: Communication Techniques

809 Listeners

CFO Weekly by Personiv

CFO Weekly

44 Listeners

Me, Myself, and AI by MIT Sloan Management Review

Me, Myself, and AI

105 Listeners

Coaching Real Leaders by Harvard Business Review / Muriel Wilkins

Coaching Real Leaders

666 Listeners

Planning Aces by Brett Knowles & Jack Sweeney

Planning Aces

1 Listeners

HBR On Strategy by Harvard Business Review

HBR On Strategy

76 Listeners

HBR On Leadership by Harvard Business Review

HBR On Leadership

158 Listeners