NIADA Foundation gives $25K to start endowment at UT Arlington

BHPH Report Staff | January 05, 2017

NIADA Foundation gives $25K to start endowment at UT Arlington
The NIADA Foundation, which for years has invested in education through its scholarship program, is taking that investment to another level, according to an announcement from the National Independent Automobile Dealers Association. Officials said on Thursday that the foundation’s board of trustees has authorized the creation of an endowment to fund scholarships for students at the University of Texas at Arlington’s College of Business who have shown an interest in a career in the automotive industry. The NIADA Foundation Endowment was created with an initial gift of $25,000, which will be followed by four more annual donations. The university will match the donations dollar for dollar until the endowment is fully funded at $250,000.

Spotlight

In any sphere of human activity, success requires focused effort and specialization. Socrates makes the point in Plato’s Republic, written around 360 BCE. People and organizations should do more of what they do best, yet nonprofit organizations working in international development are often unfocused and unspecialized. Defining focus is the most crucial strategic set of decisions that an organization takes, but nonprofits face formidable incentives to lose focus. This paper argues that if organizations are interested in achieving high and measurable performance, they need to resist the temptation to drift and take deliberate and regular steps to focus and refocus.


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Spotlight

In any sphere of human activity, success requires focused effort and specialization. Socrates makes the point in Plato’s Republic, written around 360 BCE. People and organizations should do more of what they do best, yet nonprofit organizations working in international development are often unfocused and unspecialized. Defining focus is the most crucial strategic set of decisions that an organization takes, but nonprofits face formidable incentives to lose focus. This paper argues that if organizations are interested in achieving high and measurable performance, they need to resist the temptation to drift and take deliberate and regular steps to focus and refocus.

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