In order to make real progress, we must harness our own individual strengths for common purpose. Aligning funding strategies and sharing resources across sectors will ensure that philanthropy's transformative impact on society will approach its full potential.
Who is responsible to ensure that nonprofits operate most efficiently? While the great majority of people in the nonprofit world are good people, this doesn't necessarily mean that the financial system is functioning most effectively.
The idea of government partnering with nonprofits to create new jobs and inspire innovation will generate investment, and most importantly, an air of excitement critical to attracting a new generation of employers.
While most businesses devote 25 percent of their budgets to operating expenses, nonprofits typically spend only 10 to 15 percent. Many donors simply don't understand the difference that "smart overhead" can make.