Breaking Trend In Philanthropy


Read the Chronicle of Philanthropy article.

Community: Philanthropy

A SEA CHANGE IN FOUNDATIONS?

It looks like the Wingart Foundation may have just broken the philanthropy industry mold.

Ian Wilhelm wrote an opinion piece in the Chronicle of Philanthropy today on the news. Worth reading.

If you’ve ever managed a non-profit, you’ve undoubtedly learned some of the intricacies of funding streams, whether government, private, corporate, or foundation.

One particularly vexing challenge to service administrators is the legitimate position taken by most foundations that they only fund one-time expenditures – either capital costs or model programs. They cannot become the annual financial lifeline to more and more programs that become dependent on them.

Financial dependency of nonprofits is a different issue we can chat about some other time.

HOW MANY NONPROFITS CAN YOUR COMMUNITY AFFORD TO LOSE?

But just as the world is about to lose a whole lot of businesses through bankruptcies (projected for 2009 – 60,000 in the U.S. and 120,000 in Europe alone), we’re going to lose a chunk of community organizations as well.

And no matter what political glasses you see the world through, that is going to wreak havoc on our local communities.

Do you manage a nonprofit? Are you concerned for the financial stability of your organization? Leave a comment and talk with us. We have plenty of experience, and may have a few suggestions for you.

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