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When you think of the fastest-growing segments of the US economy, cybersecurity or data science come to mind.
But "to my astonishment, nonprofits are the fastest growing sector," writes David Meyer in the Atlantic.
"Not just nonprofit hospitals or nonprofit colleges and universities, but 501(c)3sorganizations that are supposed to provide a public benefit, including foundations, charities and social service organizations such as housing providers and shelters, social justice advocacy groups, and youth development organizations."
Today, the US has 1.5 million nonprofit organizations employing about 10% of the workforce, making them the country's third-largest employer, behind retail sales and manufacturing, and ahead of finance, professional services, transportation and warehousing, and the federal and local governments.
One reason nonprofits have grown faster than any other sector: Because they fill essential gaps in the social safety net, politicians outsource many governmental functions to nonprofits and, in the process, undercut government's internal capacity."
Many of today's nonprofits are run by boards of directors that are not accountable to their membership or chapter.
"Stakeholders cannot vote out a board or elect new directors," Meyer writes.
"Insulated from market pressure and public oversight, board-only nonprofits are free to wander off into wacka
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Manimal Tales has introduced two new personalized Christmas books that are designed to engage children and enhance the holiday experience.'Santa's Visit to Your House' and 'How I Saved Santa from...more
Atlanta Mayor says thousands of teens participated in youth employment program over summer 2024.Mayor: "Thousands of teens participate in youthemployment program over the summer 2024 a€“...more
Atlanta Mayor Andre Dickens has released the 2024 Summer Youth Employment Program Report.The report celebrates the success of this year's program, which saw more than 5,700 young people hired across...more
The VIP Volunteers: Ed and Leanne Barnett Dedicate Nearly 40 years to Volunteering USEA.Ed has ridden in four USEA American Eventing Championships.Leanne is a national examiner and a chief horse...more
The Connecticut Children's Golden Ticket Gala was a night of enchantment and purpose.The event aimed to secure vital resources that would bolster the hospital's mission of delivering personalized and...more
The Dashboard is an innovative, user-friendly tool designed to enhance programming, advocacy, and decision-making to improve the development of children at the national and sub-national levels.Madam...more
Local youth program seeks community help to empower North Tulsa students.A local youth program is calling on Tulsans to help lower the school drop-out rate in North Tulsa.YouthWorks empowers students...more
Foundation: Quad Cities Community Foundation
Nearly 100 non-profit professionals and volunteers will participate in the programs.Registration for "Putting Principals into Practice: Strong Board Governance" will open in December 2024.Get the...more
TTI Boss Lizwe Mabuza: The Philanthropic Visionary Driving Bulawayo's Social Responsibility Agenda.Chairman of Tendy Three Investments (TTI), championing the cause of youth empowerment and broader...more
The NBA Foundation, Chicago Beyond, and the Chicago Bulls have jointly contributed a total of $1 million to reach hyperlocal organizations.The cohort of grantees includes six organizations taking...more
Social Entrepreneurship
Spotlight
Is Corporate Philanthropy Dead?
Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, cannot be tackled by questioning the return on investment.
