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Nonprofit Finance for Hard Times. Leadership Strategies When Economies Falter

  • ID: 1199907
  • Book
  • January 2010
  • 224 Pages
  • John Wiley and Sons Ltd
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Praise for
Nonprofit Finance for Hard Times

"Nonprofits provide a wide range of essential services across this nation. Economic crisis can cripple the financial health of these nonprofits just as the crisis itself is heightening the demand for their services. Nonprofit Finance for Hard Times is a thorough yet wide–ranging analysis of the intersections between economic storms and nonprofit capacity. More importantly, it provides a unique framework for developing strategies to diversify revenue sources in ways that will increase a nonprofit′s abilities to withstand the buffeting of those storms. Nonprofit Finance for Hard Times is a must read for nonprofit managers, Boards, and the philanthropists who are invested in their success."
The Honorable and Mrs. Rudolph W. Giuliani

"Nonprofit Finance for Hard Times challenges the nonprofit sector to seize opportunity from the jaws of economic crisis. Premised on an explicit philosophy that places community engagement at the heart of both nonprofit action and philanthropic giving, this book provides both financial strategy for nonprofit organizational growth and core concepts of leadership that will deeply embed community participation in the structure and success of nonprofits. Stronger nonprofits and more effective philanthropy need not be left to the fates. Nonprofit Finance for Hard Times provides strategy and leadership to ensure that institutions that are dedicated to community well–being do not themselves fall ill in economic crisis. The data are rigorous, the analysis is astute, and the strategies can and should be part of the planning process for nonprofits and philanthropists alike."
Susan Braun, School Administrator, The Waldorf School of Garden City, Former CFO, Citigroup Investment Services

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List of Exhibits xi

List of Cases and Commentary xv

Preface xix

Acknowledgments xxi

About the Author xxiii

CHAPTER 1 Beginning at the Beginning: Public Charities on the Economic Landscape 1

The Present Departs from the Past 2

A Complex and Poorly Documented Sector 4

An Economic Engine 7

Nonprofits as Masters of Their Own Fate in Economic Turmoil 8

CHAPTER 2 Setting the Larger Stage: A Philosophy of Philanthropy 11

A Fundamental Question 12

Engagement as Differentiator 13

Passion and Leadership 14

CHAPTER 3 Philanthropy within Financial Structures: Defining Overall Nonprofit Revenue 17

Sectoral Distinctions and Revenue Structure 19

Size Distinctions and Revenue Structure 29

Summary: The Prerequisite for Strategy Refinement in Hard Times 31

CHAPTER 4 Emerging Nonprofit Revenue Parameters: Accommodating Change in the Interests of Stability 35

The Definition of a "Nonprofit" 36

Globalization of Economies, Leadership, and Philanthropy 40

Technology: The Emergence of Social Networking 41

Demographics as Destiny 45

Summary 57

CHAPTER 5 Institutions Blaze New Trails: Innovations in Philanthropic Financial Support Strategies 61

Traditional Foundation Giving 62

New Strategies for Supporting Societal Missions 65

Cause–Related Marketing 74

Capitalizing on Innovation: The Prerequisite of Planning 77

CHAPTER 6 Does the Economy Matter? The Complexity of Economic Cycles and Nonprofit Revenues 81

The Opportunity of Cycles 82

Nonprofits and Economic Change: Treating Mission as a Sail, Not an Anchor 82

The Past Record of Private Contributions and the Economy 84

Disaggregating Data for Deeper Relationships 88

Disaggregating to the Level of State Economies 90

A Note on Government Roles 95

Five Insights to Guide Strategic Directions 95

CHAPTER 7 A Systems Approach to Revenue Strategy 103

The Imperative of Letting Go: Paradigmatic Shifts 104

The Shifting Basis for Strategy 107

The Context of an Analytic Framework for Strategy 109

Proposed Analytic Framework to Organize Strategy 114

Populating the Framework 118

CHAPTER 8 Common Principles for Robust Strategy 121

A Note on Mission 122

Strategic Principle One: Value the People 123

Strategic Principle Two: Innovate 126

Strategic Principle Three: Expect and Accept Nothing Less than Excellence 129

Strategic Principle Four: Passion Matters but So Do Skills 132

Strategic Principle Five: Know Yourself 133

CHAPTER 9 Getting Down to Specifics: Strategy for Complexity 135

Understanding Movement within the Analytic Framework 135

Expressive Philanthropy: Strategy Base = Communicating Shared Values 137

Rising Expectations: Strategy Base = Evidence and Interest Alignment 143

Quasi–Markets: Strategy Base = Competitive Self–Reliance 151

Pure Markets: Strategy Base = Linking to Outside Commercial Success 157

Crossing the Strategy Area Boundaries 161

CHAPTER 10 Prevent Where Possible, Cure Where Necessary: Strategic Steps to Prepare for and Respond to Economic Crisis 165

Steps to Prevent Organizational Crisis in Economic Hard Times 166

Steps to Cure the Effects of Organizational Crisis in Economic Hard Times 172

Final Comments: A Call to Leadership 175

CHAPTER 11 Reprise on Philanthropy: Why Bother? 177

CHAPTER 12 Making a Difference in the World by Aligning Yourself with the Poor 181

Index 191

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Susan U. Raymond
Michael P. Hoffman
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