Nonprofit Times Power & Influence Top 50 Top 50

“Philanthropy is dead. Long live philanthropy.

The days are long gone when donors sent nickels, dimes and quarters in envelopes provided by charities in support of mission. And, in general, donors didn’t ask very many questions about how the money was spent.

Also gone are the days when transparency, accountability and data were quaint ideas about how a nonprofit should be operated.

Nonprofit executives must have the acumen to understand what data means and have the ability to pivot. Partnerships are now sought, as need grows exponentially and traditional sources of funding are evaporating. Say good-bye to federal block grants and other forms of contracting with federal and state governments.

It’s no longer philanthropy. It’s social good and that often involves profit for organizations and in some cases “donors.” Impact investing and social impact bonds got off to a slow start but are now accelerating as viable funding sources. Social entrepreneurs are developing new revenue streams and are becoming integral elements of the development process.”

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