Disclaimer: I work in the social sector and for a size-able healthcare foundation.
The opinions expressed here are mine and mine alone.
I’ve been a part of and witnessed more than my share of conversations in the non-profit world related to the subject of “return on investment” and “cost to raise a dollar.” I’ve been in executive team meetings where the sole purpose of the gathering was to determine how we were going to reduce overhead.
I’ve seen CEOs, COOs and controllers go in full panic mode because the organization’s margins were not in line with so-called industry standards.
I’ve been in the non-profit sector most of my professional career and, I hate to admit it, there have been times when I was the one in the chief executive chair making decisions and/or recommendations on staffing, budgets and programs solely based on “return on investment” and “cost to raise a dollar.”
After watching Dan Pallotta‘s TED Talk, it’s clear to me that the questions we asked of the charities we support are the wrong ones. I’m pledging today to ask better questions and lead in a better way. I hope you will too!
Be well and make it a great day!