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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.
Foundation: Community Foundation of Abilene
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In South Africa, the hard-won progress of a youth-led HIV education program is threatened by international funding cuts."It provides a safe environment for us," says one youth volunteer of the...more
Galina Trush was born in 1990 in central Ukraine.The outbreak of war in Eastern Ukraine, combined with professional and financial limitations, forced Trush to make another life-changing decision:...more
Penn State's Youth Food Lab attends UN Science, Technology, Innovation forum.Penn State's youth food lab attends UN science, technology, innovation forum at UN in New York.The forum is part of the...more
The Sam Yates Community Foundation screened 38 students at Vashon High School this month.The Foundation plans to offer cardiac screenings to all freshman and junior students on a rotating two-year...more
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