|
Nonprofits and the $100 Billion Opportunity |
|
|
|
|
Written by Hugh Morrow
|
|
Friday, 10 August 2007 |
|
"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."
So starts a paper by Bill Bradley, Paul Jansen, and Les Silverman on the Harvard Business School's Working Knowledge site titled Nonprofits and the $100 Billion Opportunity. The paper was published in June 2003, but the message is relevant today.
http://hbswk.hbs.edu/archive/3535.html |
