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 Smug Board Members Had Warm Feeling
About Heat That Turned Out To Be Ponzi Fire
By Rick Cohen
Is there anyone left in the nonprofit sector who has not seen the bevy of articles listing the foundations and charities that have been ripped off by Bernie Madoff and his $50 billion pyramid scheme? The press has been tallying the losses to investors, operating charities, and foundations, but there has been precious little analysis of what this means for the needed monitoring and oversight of how some foundations handle their --our—tax-exempt dollars.
What can we learn from Madoff’s horrific financial shenanigans? What does it all mean for the nonprofit sector? There are some important lessons here for every nonprofit in the U.S., whether victimized by losing the bulk of their resources or simply outraged by the cozy relationships of some investors and foundations -- playing fast and loose with tax exempt moneys.
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 When Should You Hire a Director Of Development?
By Derrick Feldmann and Dave Sternberg
Here’s a common question: If we hire a director of development (a fundraiser), how long before that position pays for itself?
Typically, this question is asked when a nonprofit has secured funding for a development director for one year, or when an organization has adjusted its budget to fund the position.
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