If you understand “Time Value of Money,” then you’ll understand just how uncharitable these schemes are — and the users know it. In the second article in the Born in the DSA series, I’d like to introduce you to a business school Econ 101 unit called “Time Value of Money.” In a nutshell, it works like this: In 2025, I have $100. For that $100, I can buy $100 … [Read more...] about Born in the DSA*: It’s Time To Outlaw Donor Advised Funds (DAFs)
Arts and Culture
“A PUNCHY, OUTSPOKEN ARGUMENT FOR HOW NONPROFIT ARTS ORGANIZATIONS SHOULD BE RUN.”
Pick up a copy of the Scene Change trilogy. Scene Change 3 just received its first review, and it's a doozy. You're going to want at least one for you and one for your board chair. An example-driven new map to success in the realm of nonprofit theater. “What good is a program without results that show impact?” asks theatrical director and producer Harrison, a 30-year … [Read more...] about “A PUNCHY, OUTSPOKEN ARGUMENT FOR HOW NONPROFIT ARTS ORGANIZATIONS SHOULD BE RUN.”
Nonprofit Arts Orgs: If Your Only Answer Is ‘Cut,’ You’re Asking the Wrong Question
So, what’s the right question? “See what the company looks like with a $6 million budget.” “Okay, but you know the income will take a beating, too.” “See what the company looks like with a $6 million budget.” These were some of the final words spoken to me by a board member at the then-$12 million Alabama Shakespeare Festival. After a whole bunch of years of … [Read more...] about Nonprofit Arts Orgs: If Your Only Answer Is ‘Cut,’ You’re Asking the Wrong Question
Nonprofit Arts Leaders and Funders: What’s It Gonna Be? People or Buildings?
With the industry in a nationwide, existential crisis, leaders may have to choose one or the other. If so, the choice is easy. It’s 2025 and the nonprofit arts world is crumbling around us. In Seattle, ACT (A Contemporary Theatre) and Seattle Shakespeare are now part of the same company, a company that celebrates the 461-year-old Englishman performing the most … [Read more...] about Nonprofit Arts Leaders and Funders: What’s It Gonna Be? People or Buildings?
Born in the DSA*: Remove the Social Security Cap
Did you make more than $176,100 this year? Did you tell your staff that you’re paying a lower Social Security tax than they are? I remember the moment clearly. In Alabama, I found myself in a quandary on a particular payday in late November. All of a sudden, I was receiving a higher take-home salary, even though I had not received a pay bump. I went to our finance office, … [Read more...] about Born in the DSA*: Remove the Social Security Cap