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Written by Hugh Morrow
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Friday, 10 August 2007 |
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"Imagine what an extra $100 billion a year could do for philanthropic and other nonprofit institutions. That's more than three times the annual giving of every charitable foundation in the United States combined. ... Adding such a windfall to nonprofit services seems too good to be true. But according to a study we recently completed with our McKinsey & Company colleagues, the nonprofit sector could free up that amount—maybe even more—by challenging the operating practices and notions of stewardship that currently govern the sector." |
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