The Great Disconnect
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I was speaking with the executive director of a small nonprofit the other day. She mentioned that her board’s major development initiative was to increase the organization’s endowment from $400,000…
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A friend who serves on a nonprofit board asked me whether her organization was drawing enough from its endowment each year. “Probably not,” I answered. Then she described her organization’s…
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As you may know, I’m a bit of a skeptic about the efficacy of traditional endowments. In an earlier blog post, “THIS is the Rainy Day,” I urged nonprofits with…
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Those of you with an oil-burning furnace may be familiar with efficiency percentage tags. If you don’t heat with fuel oil: When the oil company maintenance crew comes at the…
Read More THIS is the Rainy Day!
Twice in recent months, I’ve gotten into heated discussions with nonprofit leaders about the spending rate from their endowments. (more…)
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