Are your board members truly engaged in the work of your organization? If your organization is like most, the answer is "yes" and "no." You're doing well if engaged describes half of your board members. But what about the other half? Perhaps the biggest key to a nonprofit's success is the strength of its volunteer board of directors. Everyone wants to have the high-profile community leaders who can open doors and get things done on their board. Of course, every other nonprofit in the community is lusting after those same strong volunteers to help their efforts. These folks will often sit on multiple boards serving a variety of community needs. If you want to be the go-to nonprofit in your sector, then you need to be strategic in how you engage and use your high-profile board members.
The growth of impact investing is being driven by family offices, foundations, and high-net-worth individuals. As this cohort of investors navigates this new frontier of investing, many are finding it challenging to engage their key stakeholders—trustees, family members, staff, and more—because of the long-held practice of maintaining a divide between philanthropic giving and investing. Engaging trustees and staff who are philanthropically oriented to consider finance vehicles, or engaging investment staff to consider social or environmental impact, is a significant paradigm shift. However, this by no means is an obstacle for developing a meaningful strategy. Here are a few tips for foundations seeking to explore an impact investing strategy.
This report offers four case studies on how different foundations used information to improve the healthy functioning of their communities. The cases highlight the following: Why did each foundation support local media? How did it connect to their strategic priorities? What steps did they take to make their project successful? And what impact has it had on the issues they care about? Sharing these cases we hope provides valuable lessons for other foundations considering supporting local news and information efforts and broadening their commitment to using media and technology to engage residents.
This paper discusses a pathbreaking strategy in Cleveland, Ohio, that addressed many of these issues by generating local wealth, economic opportunity, and jobs. The strategy was designed and implemented by the nonprofit University Hospitals (UH) in close partnership with the Office of the Mayor and local building trade unions.
For nonprofit organizations with a fund balance, reserve fund, or endowment, knowledge of the choices for investing those funds is increasingly important. Investing can be exciting but most nonprofit leaders run organizations because they know their fields, not because they’re investment whizzes.
Once again everyone’s favorite time of year has arrived, audit time. For many, this can be viewed as a daunting and even arduous process. A family foundation in the National Center’s network of Friends who no longer cringes at audit time shares this list of questions to ask your auditor to ensure your organization has a clean financial bill of health.
Program-related investments (PRIs) hold incredible potential for the social enterprise arena. Rather than giving away money through grants, PRIs allow foundations to make investments as loans or equity stakes in the hopes of regaining their investments plus a reasonable rate of return. This arrangement allows foundations to increase the amount of money available to the social sector, while simultaneously building stronger and more sustainable socially minded entities.
Echoing Justice is an action research project of the Echo Justice Communications Collaborative—a multi-year initiative to incubate, innovate, and implement movement building communications strategies that strengthen racial justice alliances and their impact.
Now that the economy is picking up steam, top talent is in even higher demand. So how can you make your company stand out from the crowd? Now that the economy is picking up steam, top talent is in even higher demand. So how can you make your company stand out from the crowd? Three words: corporate volunteer programs.
In today’s workplace, people throw around the term “Corporate Social Responsibility” pretty freely without really knowing what it means. The term was coined in the 1950s, and originally was based on corporate reporting for environmental and consumer protection. Although that is still an important element of CSR, the definition has expanded to include corporate charitable outreach, specifically how companies are giving back to their communities.