In a follow up to their 2009 article 'Ten Nonprofit Funding Models,' Peter Kim, Gail Perreault and William Foster of the Bridgespan Group argue organizations often have a clearer vision of what their programs will be in five years than of the funding that will support them. They offer a road map for leaders seeking to develop appropriate funding models for their organizations: Getting a deep understanding of one’s own fundraising approach and history, learning from peers, tallying the likely costs of change and weighing them against expected … [Read more...]
Orchestras at the Cross Roads
Jesse Rosen, President and CEO of the League of American Orchestras, provides a clear-eyed view of the challenges facing orchestras in his plenary remarks from the League conference this month. The fundamental issues he highlights in community relevance, governance, stakeholder cooperation, and financial "clarity" are important considerations for cultural leaders in all disciplines. … [Read more...]
The Four Horsemen of the Nonprofit Financial Apocalypse
In this article Clara Miller, President and CEO of the Nonprofit Finance Fund, identifies nonprofit best practices and assumptions which have amplified the impact of the economic downturn on many organizations. She makes the case for increasing the understanding of nonprofit capitalization so that organizations are equipped to make better decisions and create new business models that suit their unique circumstances. Hat tip to Andrew Taylor for his summary of this article on his blog, The Artful Manager. The Nonprofit Quarterly | … [Read more...]
Nonprofit Reserves Workgroup – NCCS Wiki
A great resource for board members and staff members to test knowledge and learn more about operating (sometimes called cash) reserves. Nonprofit Reserves Workgroup - NCCS Wiki. … [Read more...]