Charities Attract Wall Street Investors

More donors with backgrounds in the financial industry are helping charities raise money more effectively and plan for long-term growth, reports The Wall Street Journal.

Charities like College Summit, in Washington, and Teach for America, in New York, are using the idea of “growth capital,” by which they provide potential donors with a strict business plan and opportunities to invest in future projects.

Many financial-industry executives are also helping charities with proven track records get bigger through donations that go specifically to support new infrastructure, technology, or expansion plans. (A paid subscription is required to view this article.)