Most people and organizations have been conditioned to operate with a scarcity mindset, which limits potential and inhibits many of us from achieving our goals. In contrast, an abundance mindset … Continued
Community foundations see firsthand the challenges small yet impactful nonprofits routinely encounter in standing themselves up and maintaining their independent 501(c)(3) status. As a result, funders increasingly view fiscal sponsors … Continued
“At its core, financial management is about the allocation of resources. It is not neutral. We make choices.” —Hilda Polanco, BDO Assessing the financial health of grantees is often a … Continued
To the untrained eye, they may look like just rows and columns of numbers, but financial statements tell a story. That story is shaped by internal organizational factors, such as … Continued
For funders, stewardship is synonymous with supervision. For nonprofits, stewardship is centered on nurturing relationships to support the organization’s mission and the community. This imbalance needs to be addressed, and … Continued
Responsive stewardship, as well as the ability to tie your practices to your values, can advance when technology is utilized to bridge gaps and improve operational capacity. This how-to guide … Continued
The vetting process requires funders to accurately assess the nonprofit’s financials and to provide support for their areas of need and growth. When a funder works closely with current and … Continued
Historically, risk management in philanthropy has considered and highlighted only those risks affecting the funder. However, funders need to consider how their own risk framing might negatively affect applicants, grantees, … Continued
Responsible stewardship is a hallmark of effective grantmaking practices, contributing to public confidence and increasing grantmaking impact. Responsive stewardship, however, means identifying and managing risks rather than avoiding them. This … Continued
Four women of color CEOs continue the discussion that started at PEAK2021 on the changing face of philanthropy. Closing PEAK2022, PEAK’s Satonya Fair led a conversation with Susan Taylor Batten, … Continued