At TED2013, Dan Pallotta made the case that we think about charities the wrong way. We judge them by what percentage of our donation goes to the ‘end cause’, and not on results. This prevents them from competing with for-profit business because they cannot spend big on hiring the best people, marketing and fundraising.
A number of these points resonate with me.
First, I choose to work in the private sector, rather than the third sector. I suspect I might enjoy working for a charity more than I enjoy my current job. However, just like Pallotta points out, it is simply far more profitable for me to do it this way round. By earning a good salary in the private sector I am able to feed my family and have enough left over to fund my foundation.
Second, in my time being involved in CWF, I know I have had thoughts, and probably conversations, along the lines of “how will that affect our charitable spending?” This means we have a great spending ratio, 93.8% in our last financial year, but essentially means that we could well have made some bad decisions in order to keep this number high.
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Tags: charity, non profit, private sector, third sector
This entry was posted on Saturday, April 30th, 2016 at 10:43 am and is filed under Thoughts, Video. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.