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501(c)Files | Nonprofit News

How to Keep Up with the Joneses, Inc.

by Tom Durso on December 13th, 2007

Nonprofits face the dual challenge of raising money to support not only their mission-based priorities but also their day-to-day activities. The latter pitch, while hardly as sexy as asking donors to pony up for something cool or innovative or inherently tied to the central aim of the organization, is nevertheless very important. Writing in onPhilanthropy, Matthew Grossman of BBYO, which connects Jewish teens to their history and heritage, makes a persuasive case that investing in human resources can pay dividends in the long run. BBYO landed a $2.5 million grant to send 20 of its best and brightest to the M.B.A. program at Indiana University’s Kelley School of Business, where they’ll get a terrific education and contribute back to the organization in the process. This is a terrific example of how nonprofits can compete with corporate America not on salary but on overall compensation. | 501(c)

POSTED IN: Business affairs, Education, Fundraising

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