Some 25 years ago while living and working in Germany, I distinctly remember a conversation I had with my language teacher. Looking to improve my German language skills by meeting and conversing with more locals, I asked her about finding a nonprofit in town where I could volunteer. She twisted up her face in a question. “Nonprofits? I think that’s more an American thing.” Indeed it is. According to Charities Aid Read More
Are Nonprofit Workers Paid a Premium?
The Washington Post published an article on September 24, 2019 called “How the rise of urban nonprofits has exacerbated poverty” by Claire Dunning, a professor at the University of Maryland, which was both fascinating and baffling. Dunning discusses how the nonprofit sector was actively cultivated in urban centers in the ‘60s by policymakers to address poverty by 1) providing jobs for a shrinking manufacturing sector Read More
Running on Empty: Nonprofit Doesn’t Mean No Profit
“It's a nonprofit...so I assume it’s not supposed to have profits." Direct quote from a nonprofit board Chair. The term “nonprofit” was never supposed to mean an organization that is managed in the red. It simply means that surplus income pays to further the organization’s mission and is not distributed to shareholders or members. The idea that nonprofits need not strive for positive revenue hurts the sustainability Read More
Jet Skis and the Perception of Risk
This summer I drove a jet ski for the very first time and it made me think about nonprofit risk. My family rented a couple of jet skis for a 30-minute ride at a Mexico vacation spot. My daughter was perched on the back of my vehicle, egging me on to go faster and faster to catch up to my husband who was lapping us many times over. The problem was, I was scared out of my skull—eyes laser-focused on the water, knuckles Read More
Press Release: Financial Services Veterans Launch Fairlight Advisors
FOR IMMEDIATE RELEASE Fairlight Advisors LLC Read More
