Charities Face Instability as Boomers Near Retirement
March 28, 2007
Organizations throughout the nonprofit sector are bracing for a tough shift, reports The Philadelphia Inquirer, as aging leaders in the baby-boom generation move toward retirement.
A report by the Annie E. Casey Foundation three years ago found that two-thirds of 2,200 executive directors expected to leave their organizations by 2009.
Still, many charities have focused more on programs than on grooming future leaders, leading to a lack of potential replacements, the Inquirer reports.
For more on the leadership transition in the nonprofit world, read The Chronicle of Philanthropy’s coverage.
(A paid subscription is required to view the Chronicle article.)
