A “Big Bet” Grant to a Baby Nonprofit Goes Awry

An outsider gets a bright idea that he promises will revolutionize a field and gains access to a wealthy funder. The donor or foundation takes a big risk and makes a mega-grant, then the organization lands on the field like a giant unsocialized toddler and goes belly-up within a few years, with little to show for the endeavor.

Nonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
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