In the nonprofit world there are the haves (think Harvard, Yale, and the Metropolitan Museum of Art) and the have-nots (that’s everyone else). It’s the charitable version of the 1% and the 99%. Continue reading
Today it’s my duty to point out a disturbing trend for America’s charities.
Each year the Chronicle of Philanthropy compiles the Philanthropy 400, a list of the nonprofit organizations that have raised the most money in the past year. The troubling news? The number two nonprofit for 2011 was an entity called Fidelity Charitable. Continue reading
OK. I admit it. Sometimes I go a bit overboard to prove a point.
A friend of mine made me realize this the other day. She chided me: “You’re always beating on endowments. Sometimes, you know, they’re a good thing!” Somewhat to her surprise, I agreed.
But, as they say on Facebook, “It’s complicated.” Continue reading