A few years ago, V. Kasturi Rangan from Harvard Business School argued that nonprofits need to have more than just a lofty mission to survive. In his article, entitled "Lofty Missions, Down-to-Earth Plans," he argued that nonprofits need a systematic method that connects their callings to their programs.
more »I was perusing an article from the Nonprofit Times published back in November of last year, Layoffs Hitting Nonprofits Despite Need Increasing. The article of course focused on the fact that in an economic crisis, the need for social service nonprofits rises greatly, but the ability of these organizations to raise money goes down. Thus the nonprofits have to cut staff in times of increased need. How do they do it?
The Wall Street Journal weekend edition last weekend covered Eli Broad and his philanthropy. If you don't know, Mr. Broad is retired from for-profit jobs where he founded two Fortune 500 companies. He lives in Los Angeles and manages a foundation with $2.1 billion. As Ms. Riley, from the WSJ points, out, he is living by the Carnegie mantra of "Who dies with wealth, dies in shame."
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