Think Before You Endow
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I was recently asked at a public forum why I don’t like endowments. I answered: “It’s not so much that I don’t like endowments. It’s that nonprofits and their donors…
Read More The Departed
So what should a nonprofit board do when high-ranking staff members leave the organization? This may sound radical, but shouldn’t the board try to figure out why these staff members…
Read More Donor-Advised Funds: By the Numbers
Last week I participated in a terrific debate about donor-advised funds with my good friend Stuart Comstock-Gay, the president of the Vermont Community Foundation. (Thank you, Planned Giving Council of…
Read More Cheap Easels
If you want to understand the nonprofit world’s approach to spending money, take a look at their easels. Every small nonprofit owns metal easels. They use these easels a dozen…
Read More Foundering
“So what’s your boss like?” I asked a friend, who had recently taken a position at a nonprofit. “Well, you know. He’s a founder.” My friend then listed the adjectives…
Read More Identity Laundering
Some charitable gifts are made with open hearts and great altruism. Other charitable gifts are made largely to curry favor or gain attention. And then there are gifts that use…
Read More Searching for Mr. or Ms. Right
I have a friend who works as the second-in-command at a very small nonprofit. Her longtime and very effective executive director is retiring, and the board is searching for a…
Read More Miami Vice
My father-in-law, Joe, alerted me to a peculiar ad in the business section of the Sunday New York Times. Under the listing “Business Franchise Opportunities” were the words, “Charity Director…
Read More Waiting. And Waiting.
There’s an epidemic of deferred philanthropy in this country. What do I mean? Let’s imagine that your house is burning. Firefighters arrive on the scene, and they offer you three…
Read More Accretion Happens
So why does your organization hold a charity golf tournament? Probably because it’s something you’ve always done. My guess is that if you looked into it, you’d find that fifteen…
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