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When you think of the fastest-growing segments of the US economy, cybersecurity or data science come to mind.
But "to my astonishment, nonprofits are the fastest growing sector," writes David Meyer in the Atlantic.
"Not just nonprofit hospitals or nonprofit colleges and universities, but 501(c)3sorganizations that are supposed to provide a public benefit, including foundations, charities and social service organizations such as housing providers and shelters, social justice advocacy groups, and youth development organizations."
Today, the US has 1.5 million nonprofit organizations employing about 10% of the workforce, making them the country's third-largest employer, behind retail sales and manufacturing, and ahead of finance, professional services, transportation and warehousing, and the federal and local governments.
One reason nonprofits have grown faster than any other sector: Because they fill essential gaps in the social safety net, politicians outsource many governmental functions to nonprofits and, in the process, undercut government's internal capacity."
Many of today's nonprofits are run by boards of directors that are not accountable to their membership or chapter.
"Stakeholders cannot vote out a board or elect new directors," Meyer writes.
"Insulated from market pressure and public oversight, board-only nonprofits are free to wander off into wacka
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Northern Illinois University is looking for a full-time assistant coach for its men's basketball team, the Chicago Tribune reports. The ideal candidate will have at least three years' experience...more
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A new study from the European Patent Office finds that Europe is leading the world in the development of new technologies in water-related fields. Specifically, companies, researchers, and...more
"Hawai'i has remarkably innovative climate leadersacross all sectorsworking to support an equitable, clean, climate-resilient future." So says Jeff Mikulina, executive director of Climate...more
A new $100 million fund aims to make a positive difference in the world's food and water supply. The Natural Ventures Fund I, a 10-year closed fund, is the first from a consortium of investors...more
"There are few people as informed about the latest state of AI developments and its level of adoption in financial services, who have also sat shoes in the shoes of investment managers and asset...more
The Savanna Institute in Urbana, Ill., is looking for a full-time financial manager to oversee its 70,000-square-foot headquarters and budgeting and accounting practices, the Chicago Tribune...more
Nonprofit Management News from...
Winter Park Health Foundation
Community Foundation of Sarasota County
Daniels Fund
Colorado Trust
Denver Foundation
Gates Foundation
Gulf Coast Community Foundation
Wells Fargo Foundation
Ewing Marion Kauffman Foundation
Lynde and Harry Bradley Foundation
Rockefeller Foundation
Social Entrepreneurship
Spotlight
Halcyon Incubator Selects Inaugural Class of Fellows
Washington, D.C. based incubator for social entrepreneurs, Halcyon Incubator, has selected seven ventures to move into the newly renovated Halcyon House in September for its inaugural class of fellows.
