Why Charities Shouldn’t Mirror Corporations, Plus More: Wednesday’s Roundup
By Maria Di Mento
Senior Editor
November 11, 2009 | Read Time: 1 minute
- While recent books encourage nonprofit groups to act more like big business, such thinking could threaten the charity world’s “distinctive identity and purpose,” writes Phil Buchanan, the chief executive of the Center for Effective Philanthropy, a foundation research group in Cambridge, Mass. His views appear on a Duke University blog.
- To help their clients find ways to give in an uncertain economy, financial advisers should recommend they draw on individual retirement accounts, donate stocks or bonds, or use donor-advised funds, says Shelly Banjo, who writes The Wall Street Journal’s blog about the work of financial advisers.
- When writing a grant application, charities should be candid about their “growing pains or lessons learned” because potential donors feel more confident when an organization admits its missteps, writes Arlene Spencer, a fund-raising consultant, on her blog.
