August 20, 2009
Charities Should Be Held to 'Philanthropic Equity' Standards
It is time for nonprofit accounting standards to recognize the concept of "philanthropic equity."
For too long, donors have looked at nonprofit financial statements and believed that as much money as possible should be spent on programs and as little as possible should be spent on the organization itself. This logic is fundamentally flawed because, no matter how great a program is, only a high-performance organization can deliver, expand, and improve effective programs.
The
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