3 Key Elements of Capitalist Philanthropy (Forbes): “Capitalist philanthropy begins with a profitable organization and then moves quickly to incorporate social impact [...] The term is not brand new, but is being discussed more often as the millennial generation has developed a strong desire for meaningful work.” Forbes offers three keys to incorporating “capitalist philanthropy” into an organization: “Determine your cause,” “cast the vision,” and “maintain momentum.” What are your suggestions for launching social impact projects? Thoughts on the terminology?
How Small Nonprofits Can Improve Their Fiscal Health (Chronicle of Philanthropy): “Three-quarters of American nonprofits have annual budgets under $1 million, and most are even smaller. What these organizations lack in size, however, they make up for in impact.” Many such nonprofits also “struggle with financial challenges that are unique to their size and structure [...] resources generally go directly into program delivery, [for example,] so they can’t invest in infrastructure”. The Chronicle offers five suggestions for small nonprofits to address and improve financial health, plus five ways that grantmakers can help.
UnderDeveloped: A National Study of Challenges Facing Nonprofit Fundraising (CompassPoint Nonprofit Services): “A joint project of CompassPoint and the Evelyn and Walter Haas, Jr. Fund, the report found high levels of turnover and lengthy vacancies in development director positions throughout the sector [...] Beyond creating a development director position and hiring someone who is qualified for the job, organizations and their leaders need to build the capacity, the systems, and the culture to support fundraising success.” Does the report reflect your experience? What do you think might “break the cycle?”