A large institution that provides hundreds of millions of dollars in grants every year shared a secret with me. They would be reevaluating nearly 1,000 recurring grants to determine whether their nonprofit recipients were fiscally and operationally sound enough to carry out their intended impact. In other words, nonprofits that have been counting on a large grant year after year might get nothing very soon. True Read More
A More Robust Nonprofit in 3 Steps
A community museum had it made. A local philanthropist was passionate about the museum’s mission and made substantial annual donations to the nonprofit for close to a decade. These major gifts allowed the museum to keep exhibits fresh, throw lavish annual galas and pay staff above market salaries. So when this vital donor decided to retire out of state and cease donations all together, the museum’s operational Read More
