Budget Resolution

It happens all the time. A private-sector businessperson takes over as board treasurer and meets with the nonprofit staff to go over the new budget. In that meeting, the new treasurer finds that nonprofit accounting is a wee bit different from the for-profit world....

Real Change

[This post was co-published in Inside Philanthropy on September 10, 2015.] A friend of mine rolls her eyes whenever I speak skeptically about the value of charitable endowments. “You’re neglecting the future!” she tells me. She thinks that I’m being profligate and...