May 15, 2003

'Harvard Business Review': $100-Billion for Charity

By Stephen G. Greene and Ian Wilhelm

If nonprofit groups took aggressive action to reduce their inefficiencies and cut costs, among other things, they could generate more than $100-billion a year in extra dollars for their charitable programs, says McKinsey & Company, a management-consulting company, in an article in the Harvard Business Review (May).

McKinsey examined 200,000 charitable organizations with annual revenues of more than $25,000 to identify how the groups could improve their management and

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