From the Desk of “We Want Nonprofits to Be More Like Business until We Don’t.”

JEANNIE FOX | June 20, 2017

From the Desk of “We Want Nonprofits to Be More Like Business until We Don’t.”
Executive compensation remains one of the most highly scrutinized activities in the nonprofit sector, yet is often described by only one data figure, the dollar amount on compensation, and not in context of the organizational budget or in comparison to other sectors.Media outlets and watchdog agencies love to compile lists: a Top 25, a Top 50, even a Top 100. Only the Minnesota Star Tribune list even brings up revenue and expenses and allows you to search by subsector for comparisons. Of note in the Minnesota example, 21 of the top 22 are in health care, where state law currently requires health maintenance organizations to be incorporated as nonprofits. Healthcare is generally followed by higher education institutions (lovingly referred to as “the meds and eds”) for top compensation, with large social service agencies and museums close behind.

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You have attained a level of financial security that allows you the freedom to devote resources to causes that are important to you and to make a difference in the lives of others. But with opportunity comes challenge. Having made the decision-and commitment- to contribute to charity, you are now fa


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PHILANTHROPY

FORTUNE Launches Philanthropic Fund Alongside NFT Artist pplpleasr on the Ethereum Blockchain

The Henry M. Jackson Foundation for the Advancement of Military Medicine | September 21, 2021

FORTUNE and digital artist pplpleasr have announced the FORTUNE Journalism PleasrFund, a decentralized donor-advised fund run entirely on the Ethereum blockchain, through Endaoment. The PleasrFund is dedicated to advancing independent investigative journalism and programs that foster interest in sound reporting and journalistic integrity. The fund was initially seeded by a contribution of 209.19 ETH after fees, approximately $660,000 when the contribution was made, representing half of the proceeds from FORTUNE and pplpleasr's series of non-fungible tokens (NFTs). This fund will serve the public interest, further accountability and transparency through journalism, and cont...

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NONPROFIT MANAGEMENT

Mayor Lightfoot Announces Elkay Donation Of 101 ezH2O® Bottle Filling Stations

Elkay, Elevate | September 20, 2021

Mayor Lori E. Lightfoot today announced Elkay will donate 101 Elkay ezH2O® bottle filling stations at select city sites and non-profits through a partnership with the City, Chicago Park District, and Elevate to reduce plastic waste and expand cleaner, healthier drinking water throughout the south and west sides. The units also include a lifetime supply of filters. The bottle filling stations will be installed on Chicago's South and West Sides in the city's parks, buildings, and community centers and will bring access to clean drinking water across locations that need it most while helping reduce single-use plastic waste. This donation coincides with Elkay'...

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NONPROFIT MANAGEMENT

GreenHill Partners with the GiftingNetwork

GreenHill, GiftingNetwork | September 18, 2021

GreenHill and the GiftingNetwork announced today that the companies have entered into a strategic partnership that will expand GreenHill's presence in the nonprofit institutional market and offer GiftingNetwork's clients integrated investment performance reporting. This agreement brings together technology and financial solutions for nonprofit organizations. GreenHill's personalized investment analysis, reporting and monitoring services, coupled with the GiftingNetwork's Wall Street-caliber donor advised SaaS platform provides nonprofits tracking and reporting solutions catered to their needs. "Our performance measurement integ...

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NONPROFIT MANAGEMENT

BankPlus Donates $100,000 to Saints and Pelicans Gulf Coast Renewal Fund, Supporting Nonprofits Impacted by Hurricane Ida

BankPlus | September 17, 2021

As nonprofits and community organizations along the Louisiana and Mississippi Gulf Coast begin rebuilding and repairing damages incurred from the recent impact of Hurricane Ida, BankPlus has announced a donation of $100,000 to the Saints and Pelicans Gulf Coast Renewal Fund. The BankPlus donation will support nonprofits which are providing essentials and services to those in need. “BankPlus is committed to helping rebuild our communities,” said Bill Ray, CEO of BankPlus. “We know the Saints and Pelicans Gulf Coast Renewal Fund will put our donation to good use. The funds will ensure community organizations can continue to provide resources and n...

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You have attained a level of financial security that allows you the freedom to devote resources to causes that are important to you and to make a difference in the lives of others. But with opportunity comes challenge. Having made the decision-and commitment- to contribute to charity, you are now fa

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