A recent report from Propel Nonprofits examines the financial health culturally specific organizations in Minnesota. The organization uses the term culturally specific to refer to “nonprofits led by people of color and rooted in historically marginalized communities.” From President & CEO Kate Barr:
Grantmakers in the Arts defines capitalization as “the accumulation of the resources an organization needs to fulfill its mission over time,” specifically with regard to financial health. In response to the observation that it has been the norm for the nonprofit arts sector to be poorly capitalized, an issue which disproportionately affects ALAANA organizations, GIA embarked on the National Capitalization Project (NCP) in 2010. Since its launch, GIA has provided resources, conferences sessions, publications, and workshops on nonprofit capitalization. GIA’s Conversations on Capitalization and Community are specialized workshops, held separately for funders and nonprofit grantees, focusing on what each group can do to support the financial health of nonprofit arts and culture organizations. These workshops are available upon request.
A recent article in American Theatre describes an effort by mid-sized arts institutions in Atlanta to collectively address common fundraising challenges:
Rebecca Thomas recently published a blog post outlining "Six Steps for Sustainability Planning."
An article in the Stanford Social Innovation Review discusses how grantmaking policies affect the financial stability of nonprofits, as researched by Michael Etzel, a partner at Bridgespan, a nonprofit consultancy, and Hilary Pennington, a vice president at the Ford Foundation. The duo developed a grantmaking pyramid which "reframes how funders and grantees think about building organizations," emphasizing the need for "foundational" support at the base of the pyramid. This strategy is now being utilized by the Ford Foundation to examine their grantmaking portfolio.
The Nonprofit Quarterly has published an in-depth article on nonprofit financial capital, covering various types of capital, how nonprofits obtain capital, and various methods for monitoring and financial reporting.
From the blog of Rebecca Thomas, who delivers GIA’s Conversations on Capitalization and Community workshops, a new post provides an overview of risk capital and how it can be used by arts organizations:
From the Philanthropy News Digest: