Charities Turning to Corporate World to Hire CFOs

credit: Inside Florida

The Wall Street Journal (WSJ) reported that corporate CFOs (chief financial officers) are making the shift to the nonprofit sector.

Executive recruiters from Stanton Chase, Heidrick & Struggles International Inc., Odgers Berndtson and Egon Zehnder are increasingly fielding calls from nonprofits and attribute the transition to scrutiny from donors as more money flows into the coffers of nonprofits.

WSJ reported that financial management skills are in high-demand for nonprofit charities as a result of this move.
Going to work as a finance chief in the nonprofit sector presents a new set of challenges, including the need to learn new ways of defining success outside of the balance sheet.

Also, the report added that reliance on uneven donations and government assistance makes planning more difficult for CFOs of charity organizations.

Read the Entire Article

A customized collection of grant news from foundations and the federal government from around the Web.

How's Your Community Doing?
Check Out it's
Community Vital Signs

Senate Bill Encouraging Mental and Physical Health Education in Schools Works Its Way ...

"It's more than just food and water and shelter, we now know that as a society, we now know that as a society." That's what an Alaska school board member has to say about a bill that would...more

Challenges of Hinterland Tourism

If you're looking for a getaway from the city that never sleeps, India's Goa is the place for you. But if you're looking for a getaway from the city that never sleeps, Goa is the place for...more

During Nysc, I Sacrificed Pleasure, Became Stingy to Grow My Food Business

When Gladys Markus graduated from her accounting course at Nigeria's Plateau State University last year, she had one thing on her mind: Starting a food business. The then-22-year-old had been...more

Australian Entrepreneur Hailed for Cleaning Philippines' Trash-Strewn River €“ but Will It Last?

"People used to go swimming in it, and then how grateful [they] are for the work that we're doing in conjunction with the government and other organizations," Mike Smith tells This Week in...more

Penticton Prospera Branch Donates $5K to Local Breakfast Program for Kids

"A nutritious breakfast isn't just about filing empty stomachs; it's about nourishing young minds." That's what Vicki Cutler, a branch manager at Prospera Credit Union in British Columbia, had to...more

Devin Booker Starting 5 2023-24 Grant Recipients Announced

Devin Booker is making good on his promise to give $2.5 million to Arizona nonprofits over the next five years. The NBA player and the Phoenix Suns have announced the recipients of the 2023-24...more

Starved Rock Country Community Foundation Spring Appeal Culminates with May 2 Giving Day

The Starved Rock Country Community Foundation is asking for donations for its 2024 Spring Appeal, which will fund education, mental health, local history, fine arts, entrepreneurship revitalization,...more

Opinion: How Utah Is Using Responsible Ai to Solve Environmental and Health Crises

"We've used a translational approach in the past to have a global impact on emerging technologies, from our role in the creation of the internet to the computer graphics and visualization...more

Kevin Dayhoff: Carroll Arts Council Enriches Our Quality of Life

On Thanksgiving Day in 1937, the Carroll Theatre in Westminster, Md., opened its doors to the public for the first time. Today, it's the home of the Carroll County Arts Council. The nonprofit...more

The Sustainable Finance Podcast: Solving Inequality and Climate Issues

One of the biggest institutional investors in the world, Nuveen, is putting its money where its mouth is. In a podcast with Paul Ellis of Forbes, Radhika Shroff, managing director of impact...more