MacKenzie Scott has already donated an estimated total of $146 million to 24 nonprofits this year, according to The Chronicle of Philanthropy. This amount is based on organizations that have publicly stated they received a donation from Scott in 2023. The number of nonprofits is probably much higher. Scott's donations range from $1 million to $15 million, and she has given to community-led and -focused organizations Read More
Endowments Need Effective Investment Committees
Endowments need good investment committees. What happens when governance goes awry? Whether your nonprofit is launching an endowment, changing advisors for the endowment or growing your Finance or Investment Committee, it is important to have an effective investment committee or sub-committee. As we mentioned in our previous blog, your nonprofit should start with a strong foundation of financial policies. Much Read More
Pursuing Future Grants and Donations? Show Your Nonprofit’s Resilience.
Building and showing resilience through robust nonprofit financial planning in is a topic near and dear to my heart. I have been a board member, volunteer fundraiser and donor for the past 15 years. A few years ago, when I served on a Nonprofit Board, we encountered a financial and operational crisis. While my intuition told me we would get through this crisis, I had no method to understand or evaluate our Read More
