“One of the best signs of a financially healthy nonprofit is a nonprofit that ends its operating year with a surplus," says Kate Barr, executive director of Nonprofits Assistance Fund. Barr has been making meaning out of financial information and strategies for decades, with stints as an arts administrator and a bank executive. Her goal is “to help people connect the dots between mission and business model.” In this episode, Barr talks about how funders consider which organizations they elect to collaborate with or support. She also explains the challenges of a one-size-fits-all approach to evaluating whether an organization qualifies for funding, and she breaks down the idea of core mission support.
Bush Foundation communications director Dominick Washington joins us to explain what he calls “Whole Pig” philanthropy, a way of trying to have an impact at every level and part of an organization. He also talks about how his political and nonprofit background informs his philanthropic work and the ways he thinks about partnerships and cross-sector relationships. He also covers the use of budgetary systems as models for other operations and how to encourage a culture of collaboration within an organization.