November 16, 2012 - 12:30 PM - 2:30 PM ET

The Postal Service's Financial Crisis: What It Means for Nonprofit Mailers

This event has already occurred.
Venable LLP
575 7th Street, NW
Washington, DC 20004

The Postal Service's Financial Crisis

Update: This event has already occurred. Please click above to listen to and view the recorded webinar, click here to view presentation materials from the event, and visit our Venable LLP Nonprofit YouTube channel to listen to and view all of our recorded webinars on nonprofit legal topics.

The U.S. Postal Service lost $5.2 billion in the quarter that ended on June 30. It defaulted on a $5.5 billion payment owed to the U.S. Treasury for retiree health care on August 1, defaulted on an additional $5.6 billion payment due on September 30, and may run out of cash to meet payroll and pay vendors in the next several months. Legislative relief is bogged down in Congress, as powerful interest groups have blocked attempts to reduce the Postal Service’s basic structural problem: out-of-control costs.

The alternatives to cost cutting are a taxpayer-funded bailout – blocked so far by the Republican-controlled House – or above-inflation increases in postal rates. If the latter happens, the special postal rates enjoyed by nonprofit mailers may be a prime target. This program will give participants basic tools to answer the following questions (and more):

  • How will the November 6 election shape the outcome of this debate?
  • Will Congress pass a postal reform bill in the lame duck session after the November 6 election, or will action continue to be deferred?
  • What is likely to happen to your nonprofit's postal rates?

Join the Alliance of Nonprofit Mailers and Venable LLP for an insightful and interactive discussion of how this crisis may be resolved, and how it may affect your nonprofit organization’s use of mail for fundraising, membership development and retention, and other means.

Jeffrey Post, Staff Director, U.S. House Subcommittee on Federal Workforce, U.S. Postal Service, and Labor Policy
Ann Fisher, Director of Public Affairs and Government Relations, Postal Regulatory Commission
Anthony W. Conway, Executive Director, Alliance of Nonprofit Maile
David M. Levy, Esq., Partner, Venable LLP

Nonprofit Luncheon and Program/Webinar
12:30 p.m. - 1:00 p.m. EST - Lunch and Networking
1:00 p.m. - 2:30 p.m. EST - Program and Webinar