Tough Times, Big Decisions

Boards of nonprofits face big decisions in hard economic times, especially as government looks to philanthropy to help meet the community's needs
By / September 30, 2016

In his final entry for the Nonprofit Organization Report Jack Horak leaves his post at Reid and Riege with a bang!

In these times of tight money at the federal, state and local governmental levels, Jack predicts Boards of nonprofits are in for big decisions about their stewardship of nonprofit endowments. He cites the recent attempt by the State of Connecticut to "tax" Yale's endowment and gives us context for that unsuccessful move to the Magna Carta and the king's expectations about gifts of land to the Church. This tension between government and the philanthropic sector about whose responsibility it is to provide for basic human needs and quality of life (and who is going to pay for it!) goes back a long time.

Thank you, Jack, and good luck in your new venture with The Alliance for Non-Profit Growth and Opportunity (TANG).

Read Jack's Article

For more information about endowments, please see The Foundation's upcoming workshops:

Ready to talk about endowment? (Oct 19)

Endowment 201: advanced endowment principles (Nov 1)