The minimalist ratings of nonprofit organizations, using overhead and fundraising ratios, are deeply flawed. Are we collectively making the situation worse by shaving the numbers? A recent study found that over 40% of nonprofits report zero fundraising expenses, which suggests nonprofits can’t be trusted to share information in the public interest and the rating agencies [...]
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A Review of Endowment Giving Policy Options
Written by NAS President and CEO Russell Willis Taylor in 2006 for the Doris Duke Charitable Foundation, this paper discusses the tradition, benefits, and necessity of endowment funds in the arts. Mrs. Taylor provides a point of view about alternatives to endowment funding, and poses questions about how endowments help achieve mission. What is the [...]
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