Planning for the Unknown:   Risk Awareness for Nonprofit Organizations by Michele Braun, Director, Institute for Managing Risk, Manhattanville School of Business The leaders of every nonprofit organization know that they face risks:   challenges to delivering services, ensuring sufficient funding, specialized staffing for mission-driven services, facilities, technology, perhaps the local political environment, existing laws and regulatory changes, to name only a few.   How do leaders, with their plates already full—or overflowing—address these risks and manage them accordingly?   What tools are there for nonprofit leaders to decide which risks to take, which to manage and how to manage them?   Importantly, the very first step in the International Standards Organizations’ risk management framework (ISO 31000) is to establish the context .     For nonprofits, the context includes that they have goals and missions other than financial profitability; they have clients to s