It is not enough for nonprofit boards to help manage risk; nor should they fear it. In fact, as nonprofit governance expert David Renz explains in this classic from 2017, “The imperative here is to embrace risk leadership.”
Most nonprofits dream, at some point, about that endowment that would ensure their stability from year to year. But endowments aren’t for every nonprofit. This article walks the reader through their up- and downsides.
Ever since the professionalization of the nonprofit sector that took place 30 years ago, nonprofit executive salary has been influenced by business compensation concepts—but for-profit pay practices cannot be indiscriminately applied to nonprofits. So what really powers executive pay in the sector? As it turns out, size does matter.