One of the many odd characteristics of nonprofit finance is the “muted market” effect; that is, the fact that many of us serve one group of people but another group (or groups) pays us to do it—foundation, government agency, donor, or whatever.
More and more billionaires are declaring that they have no intention of handing down their riches to kids. It may be more widespread than we know.
Many small nonprofit organizations are still suffering in the aftermath of the recession. Some have gone under or remain in uncomfortable financial straits, but others have been able to reorganize through a combination of opportunity and persistence.
I want to direct your attention today to our feature, by Tom Scanlon. It provides some context and a challenge to the concept of strategic philanthropy.
NPQ has been chronicling the struggles of too many arts organizations which were affected by the recession in a very particular way. Here is what the pattern we have seen looks looks like.