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David A. Jackson Named Executive Director at Mary Reynolds Babcock Foundation
The Board of Directors of the Mary Reynolds Babcock Foundation is pleased to announce that David A. Jackson is stepping into the role of Executive Director at the Foundation beginning in November, 2012.
Jackson is currently CEO of the Center for Working Families, Inc in Atlanta, Georgia, where he leads the organization’s efforts to help ensure economic success and self-sufficiency for Atlanta’s hard working families and their children. Jackson has been a Fannie Mae Foundation Fellow at the Harvard University Kennedy School of Government, a member of the New York City Leadership Institute, and an Annie E. Casey Children and Family Fellow.
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Risks Worth Taking
Opinion
The hot question that Paul Brest addresses in his recent Stanford Social Innovation Review article, "Risky Business,” is: How much risk should philanthropy tolerate in allocating scarce resources? He asks, when is the goal of maximizing impact best accomplished by high-risk investments where the likelihood of success is small and difficult to quantify (for example, advocacy), and when is it best accomplished by low-risk investments in interventions that have been proven to work (for example, a circumscribed direct service program)?
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Throwing Good Money after Bad? Questions to Ask Yourself
Opinion
We all do it. We make a decision. We get some information that tells us we made a bad choice. But rather than cutting our losses, we ignore that information and continue to commit time and resources to that decision—throwing good money after bad.
This problem, referred to by researchers as "escalation of commitment to a failing course of action," (or escalation of commitment, for short) has been studied for over 35 years, but a simple, straightforward solution continues to elude us.
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Financial Pressure Growing for Nonprofit Hospitals
Not-for-profit health systems and hospitals have restored their financial health to prerecession levels but face a weak outlook for improving beyond that, Reuters writes, citing two new reports from Standard & Poor’s.
A combination of declining patient volumes, impending cuts in federal spending, and costs associated with President Obama’s health-care law as it comes into force are likely to make the next several years "difficult for most providers,” the credit-rating agency said Monday.
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Older Adults Can Lead Change in Your Community
More than 30 U.S. community foundations have taken a fresh look at aging in recent years. And they are bringing a new view to their communities—one that considers older adults to be a vast, untapped resource for social change.
As part of the Community Experience Partnership, an initiative of The Atlantic Philanthropies, these community foundations assessed their ability to engage people over the age of 50 in tackling serious local issues.
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An Easy Way to Track the ‘Giving Pledge’
For major-gift fundraisers and aficionados of the super rich and their charitable impulses, the Foundation Center has something for you: a new Web page profiling the 81 wealthy families who’ve joined the "Giving Pledge.”
The pledge was hatched by Bill & Melinda Gates and Warren Buffett to encourage their fellow billionaires to give. People who sign on must commit to donating at least half their net worth; for the 81 families, that amounts to roughly $200-billion.
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The Present Value of Social Investment
The present value of social investment (PVSI), or present discounted value, is the value given to a social investment made at a future date as opposed to today. The present value of social investment can be used to compare taking action today or delaying investment in addressing the nation’s social, environmental, or economic activities.
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