In the heart of every community-focused nonprofit lies a mission that shapes its financial decisions. For nonprofits with endowments, the additional task is to find an endowment advisor that produces results for your investments and your overall mission. This choice will determine if you’ve found a partner whose ethos resonates with the core values of the nonprofit and its community. As stewards of substantial Read More
Steering Clear of Icebergs: Why Nonprofits Need Risk Awareness
Imagine you're the captain of a ship navigating through uncertain waters. The seas might seem calm, but hidden beneath the surface are icebergs—silent, invisible threats that could destroy your vessel if you don’t see them coming. In the world of nonprofits, these icebergs represent the risks that can disrupt your mission, drain your resources, and even sink your organization if you’re not vigilant. A so-called Read More
Closing the Network Gap: Why Connectivity is Crucial for Nonprofits
In the nonprofit world, passion and dedication are the driving forces behind making a difference. But even the most committed organizations can struggle to reach their full potential if they lack one crucial element: a strong network. The "network gap" refers to the disparity between well-connected nonprofits and those that lack the same level of access to resources, opportunities, and partnerships. If you are a Read More
The Profit Paradox: Why Nonprofits Need Profit to Thrive
The Profit Paradox: Why Nonprofits Need Profit to Thrive When people hear the word “nonprofit,” they often assume that making a profit isn’t important, or even that it’s somehow inappropriate. After all, the mission is to serve, not to make money—right? But this is a dangerous misconception. The truth is, for a nonprofit to thrive and effectively fulfill its mission, it needs to generate a surplus—or, to put it Read More
