Two newly appointed Directors bring expertise in social sector investment and product development.
NEW YORK, June 15, 2017 /3BL Media/ — Common Impact, a nonprofit organization that pioneered corporate skills-based volunteering, has appointed two new members to its Board of Directors: Kevin Cavanaugh, vice president at Smarter Workforce, IBM and Jihye Gyde, a senior associate at Nonprofit Finance Fund.
by Jenn Pryce, President and CEO, Calvert Foundation
What do an artificial heart, the theater, and Gabon all have in common? From where you’re sitting, probably not much. For me, however, they are key facets of my life that have led me to a career in impact investing.
Through service on nonprofit boards, business people from Fortune 500 companies bring valuable experience and expertise to bear in helping nonprofits to achieve their vital missions. A highly effective board will fulfill its work in partnership with the head of the nonprofit organization by envisioning the organization’s greater potential, creating the revenue model and maximizing financial success, and ensuring the organization’s integrity and high-impact results.
Financial challenges facing nonprofits are driving organizational mergers and closings. Because the role of the nonprofit board is to ensure that the organization’s assets are used for designated purposes, the board must be thoughtful in deciding if and when a nonprofit is no longer viable, and then exploring options for the future. There are valuable leadership lessons to be learned from boards that have undertaken the serious responsibility of merging or closing a nonprofit.
Dec. 5, 2012 /3BL Media/ - By serving on NGO/nonprofit boards, business people bring vital skills, experience, and resources that are essential in advancing NGOs/nonprofits to effectively address many of the world’s most vital issues, including economic development, workforce development, education, healthcare, social services, poverty, human rights, conservation and the environment, arts and culture, and many more.
Imagine trillions of private sector dollars pouring into healthcare, affordable housing, education, agriculture, distributed utilities, and restructured social spending in emerging markets and here in the U.S. No, not in the form of charity; rather, in the form of "impact investing." This is already beginning to happen, according to Antony Bugg-Levine, the newly named President and CEO of the Nonprofit Finance Fund (NFF).
"The data show that the more financially challenged nonprofit organizations are more likely to engage more deeply with their boards," said Jennifer Talansky, Vice President, Marketing and Communications, Nonprofit Finance Fund (NFF), in a private interview. Talansky was referring to the results of NFF's 2011 Survey.
By building more effective nonprofit boards, we can achieve more ambitious results for our communities and the world. Federal and state laws regulating nonprofit boards make that possible by giving us flexibility in designing each board. Boards can be created to maximize every organization’s revenues and its impact.
Imagine if your company's investors expected you to end your year without generating a dime in surplus. Welcome to the nonprofit sector, where your investors are foundations, and they expect multi-million dollar enterprises to end their year with zero. This makes nonprofits dependent supplicants year after year--unhealthy enterprises with no cash reserves, and no capital to strengthen, diversify, or build their operations.