Nonprofit Finance for Hard Times: Leadership Strategies When Economies Falter

Nonprofit Finance for Hard Times: Leadership Strategies When Economies Falter


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Product Details

ISBN-13: 9780470490105
Publisher: Wiley
Publication date: 12/30/2009
Pages: 224
Product dimensions: 6.20(w) x 9.10(h) x 0.90(d)

About the Author

SUSAN U. RAYMOND, Ph.D., is Executive Vice President for Research, Evaluation, and Strategic Planning at Changing Our World, Inc. She has extensive experience in research, analysis, and planning, most recently with the prestigious New York Academy of Sciences. Prior to this, she was a project officer at the World Bank and a consultant to the U.S. State Department and to various private organizations, including the Carnegie Corporation, specializing in health care and international eco-nomic research. Susan serves as Chief Analyst for, a global resource for nonprofit professionals. She has written for many publications, particularly in the areas of economics, health care, and corporate responsibility, and is the author of two books with Wiley.

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Table of Contents

List of Exhibits xi

List of Cases and Commentary xv

Preface xix

Acknowledgments xxi

About the Author xxiii

CHAPTER 1 Beginning at the Beginning: Public Charities on theEconomic Landscape 1

The Present Departs from the Past 2

A Complex and Poorly Documented Sector 4

An Economic Engine 7

Nonprofits as Masters of Their Own Fate in Economic Turmoil8

CHAPTER 2 Setting the Larger Stage: A Philosophy ofPhilanthropy 11

A Fundamental Question 12

Engagement as Differentiator 13

Passion and Leadership 14

CHAPTER 3 Philanthropy within Financial Structures: DefiningOverall Nonprofit Revenue 17

Sectoral Distinctions and Revenue Structure 19

Size Distinctions and Revenue Structure 29

Summary: The Prerequisite for Strategy Refinement in Hard Times31

CHAPTER 4 Emerging Nonprofit Revenue Parameters:Accommodating Change in the Interests of Stability 35

The Definition of a "Nonprofit" 36

Globalization of Economies, Leadership, and Philanthropy 40

Technology: The Emergence of Social Networking 41

Demographics as Destiny 45

Summary 57

CHAPTER 5 Institutions Blaze New Trails: Innovations inPhilanthropic Financial Support Strategies 61

Traditional Foundation Giving 62

New Strategies for Supporting Societal Missions 65

Cause-Related Marketing 74

Capitalizing on Innovation: The Prerequisite of Planning 77

CHAPTER 6 Does the Economy Matter? The Complexity of EconomicCycles and Nonprofit Revenues 81

The Opportunity of Cycles 82

Nonprofits and Economic Change: Treating Mission as a Sail, Notan Anchor 82

The Past Record of Private Contributions and the Economy 84

Disaggregating Data for Deeper Relationships 88

Disaggregating to the Level of State Economies 90

A Note on Government Roles 95

Five Insights to Guide Strategic Directions 95

CHAPTER 7 A Systems Approach to Revenue Strategy 103

The Imperative of Letting Go: Paradigmatic Shifts 104

The Shifting Basis for Strategy 107

The Context of an Analytic Framework for Strategy 109

Proposed Analytic Framework to Organize Strategy 114

Populating the Framework 118

CHAPTER 8 Common Principles for Robust Strategy 121

A Note on Mission 122

Strategic Principle One: Value the People 123

Strategic Principle Two: Innovate 126

Strategic Principle Three: Expect and Accept Nothing Less thanExcellence 129

Strategic Principle Four: Passion Matters but So Do Skills132

Strategic Principle Five: Know Yourself 133

CHAPTER 9 Getting Down to Specifics: Strategy for Complexity135

Understanding Movement within the Analytic Framework 135

Expressive Philanthropy: Strategy Base = Communicating SharedValues 137

Rising Expectations: Strategy Base = Evidence and InterestAlignment 143

Quasi-Markets: Strategy Base = Competitive Self-Reliance 151

Pure Markets: Strategy Base = Linking to Outside CommercialSuccess 157

Crossing the Strategy Area Boundaries 161

CHAPTER 10 Prevent Where Possible, Cure Where Necessary:Strategic Steps to Prepare for and Respond to Economic Crisis165

Steps to Prevent Organizational Crisis in Economic Hard Times166

Steps to Cure the Effects of Organizational Crisis in EconomicHard Times 172

Final Comments: A Call to Leadership 175

CHAPTER 11 Reprise on Philanthropy: Why Bother? 177

CHAPTER 12 Making a Difference in the World by AligningYourself with the Poor 181

Index 191

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