The Price of Nonprofit Debt

Is the nonprofit sector overextended with debt? This article, by the unmatchable Woods Bowman, looks at the data and the best practices behind nonprofits borrowing and repaying within their means. Woods passed away last month, and we print this in his memory.


Hoarders: the Nonprofit Edition (and Other Ethical Issues)

Is it ethical to hoard endowment returns numbering in the millions? What is the most diplomatic way for an accountant to flag a client’s unstated going concern problem? Is it a conflict of interest for a membership association’s board to also serve as the board of the association’s charitable nonprofit? The Ethicist weighs in.


The Mystery of the Missing Audience

Woods Bowman 1942-2015

Beloved NPQ columnist Woods Bowman died suddenly last Friday in an accident. We have no words sufficient to express the loss that we feel. Woods, an economist, was, of course, the Nonprofit Ethicist and a frequent contributor to our magazine on issues of finance and ethics, but he was far more than that. He was a deeply loved friend and advisor to NPQ. So today, we are running one of Bowman’s more recent and impassioned pieces on the reasons behind the vibrancy of Chicago’s opera scene and ask you to join us in remembering him.