Friday, February 8, 2008

Business minded philanthropy

The Free Press reports that United Way is changing its funding formula, demanding measurable results from the non-profits it sponsors. For example, providing services to the poor will not be enough; organizations must show they've made an impact by reducing poverty rates in an area.

This trend is a national one. Two weeks ago the New Yorker noted, for example, how business principles have transformed medical philanthropy in "Buying the Cure".

No comments: