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)
Nonprofit Management
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 Companies: Beware the Allure of the Headhunter
It’s expensive, lazy, and a process rife with community red flags. But at least there are no money-back guarantees. Let me start by saying that I was headhunted several times for jobs and thought it was a dandy idea. I was egotistical, dumb, and thought that nonprofit arts jobs — even leadership positions — had a shelf life of about three years. I was also experienced, … [Read more...] about Nonprofit Arts Companies: Beware the Allure of the Headhunter
A Strategic Plan for Your Flailing Nonprofit Arts Organization Is Just a Waste of Time
As Kate Larsen so brilliantly puts it, a strategic planning session is not the same thing as a strategic plan session. I’ve contributed to them. I’ve written them. I’ve defended them. And more than once, I’ve been burned by them. But still, it’s always the first thing every board chair tells every consultant that their company really needs one. A strategic … [Read more...] about A Strategic Plan for Your Flailing Nonprofit Arts Organization Is Just a Waste of Time
SUMMER RERUN: “The Planet Will Be Fine. It’s the People Who Will Be F**ked.” — George Carlin
From December 2024 (just after the election): the comedian’s late-career epiphany and the nonprofit arts sector begs the question: what happens when you eliminate “hope?” We’re rounding the turn and heading into the home stretch of 2024. Your nonprofit arts organization is well into its year-end, give now while you can still get a tax deduction, do it for the children … [Read more...] about SUMMER RERUN: “The Planet Will Be Fine. It’s the People Who Will Be F**ked.” — George Carlin