Topic: authors | charity & philanthropy | csr | entrepreneurship & innovation | finance & fundraising | general | human resources | ilearn | people | policy & governance | social enterprise | technology | university research
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The best regulation-approved finance software for charities | Charity Digital News, 10 sep 2019
How Do Nonprofit and For-Profit Hospitals Differ? It's Complicated | Nonprofit Quarterly, 10 sep 2019
Doing Business While Doing Good? Yes, It's Possible | Fortune, 10 sep 2019
Four Ways To Reimagine The Nonprofit | Forbes, 09 sep 2019
Volunteering with kids can help create a habit of giving | nwitimes.com, 09 sep 2019
On Philanthropy: In the eyes of business leaders, "social purpose" has replaced "shareholder capitalism" | The Denver Post, 08 sep 2019
A Better Way To Make Charitable Gifts | Forbes, 06 sep 2019
Giving the charitable sector the tools it needs to thrive | Policy Options, 05 sep 2019
'Design thinking' or how to promote innovation in social enterprises | BBVA, 05 sep 2019
Why the Rich Get Charitable Deductions and Everyone Else Can Suck Eggs | Nonprofit Quarterly, 04 sep 2019
Mohammad Anas Wahaj | 29 aug 2019
Technology innovations are often associated with taking up jobs from humans. Consider some experts predicting that Artificial Intelligence (AI) could take over 40% of jobs by 2035. But, there is a brighter side to it. The tasks that are taken away by AI are generally those that are repetitive and monotonous, requiring less human creativity. This would infact provide more opportunities for people to be innovative and creative, making their jobs more fulfilling. Charities too have to take advantage of AI to improve efficiencies and let their workforce focus on doing good better and impact lives. Rhodri Davies of Charities Aid Foundation (CAF), the author of Public Good by Private Means' and an expert on philanthropy and technology for giving, says, 'There are plenty of new jobs that will be actually created in the wake of the AI revolution.' Here are some of the charity jobs that artificial intelligence and machine learning can enhance - (1) Fundraiser: Chatbots can support in fundraising tasks. Organizations are already making use of online platforms to do so effectively and reach out to far-flung donors. (2) Support Services Assistant: Charity chatbots can help in guiding people towards the general information they require. This will help human staff to focus on more complex and sensitive queries. (3) Translator: AI-driven language translation can assist charity workers to communicate effectively with populations they serve and have language barrier with. (4) Conservation Scientist: Data science and machine learning is used in sustainability studies. AI can be used by wildlife and conservation charities to understand patterns such as habitat loss, climate change, water use, poaching etc. This will help better understand human impact on natural world and plan ahead. (5) Medical Researcher: AI and robotics are used in diagnostics and patient care. AI-driven data analysis helps spot patterns in behvior, symptoms and treatment effects. Thus providing effective treatment. Read on...
Charity Digital News:
The charity jobs that could soon be enhanced by AI
Author: Chloe Green
Mohammad Anas Wahaj | 13 aug 2019
Social enterprises tackle societal and environmental issues utilizing business concepts for the larger interest of the society and reinvest profits back to sustain themselves. They support in building inclusive economy. According to the most recent statistics, there are around 5600 social enterprises in Scotland with an economic contribution of around £2 billion, ranging from community co-operatives to housing associations, enterprising charities and more. Duncan Thorp, policy and communications manager at Social Enterprise Scotland, explains how social enterprises are contributing to Scotland's economy and advocates collaborations between them and private sector for greater economic and social benefits. He explains why engaging social enterprises with private sector is win-win - 'Firstly, social failure is bad for business. Unemployment, homelessness, drug addiction and other issues negatively impact on businesses. People without work and opportunity don't have money to spend on goods and services. Social enterprises work at the frontline to solve these social problems. Private sector businesses should also engage with social enterprises because they bring real benefit in terms of opening up new markets and new business opportunities. Joint bids for public contracts and similar partnership working are options too. Businesses can contract social enterprises into their supply chains. This could be a catering contract, graphic design, meeting space hire or something else. It's also about private sector employees volunteering in social enterprises, in a skills exchange, for learning and personal development.' He advocates three key areas of partnership work - consumer demand, supply chains and contracting and procurement. He suggests that building mutually beneficial relationships between social enterprises and private sector businesses paves the way for knowledge exchange, positively influencing business culture and build an economy that benefits all. Read on...
Social enterprise is good for business - Duncan Thorp
Author: Duncan Thorp
Mohammad Anas Wahaj | 25 jul 2019
According to the online research by Booking.com, 59% of youth surveyed want to give back to society as part of their travel experience. This is almost double the global average (31% of Gen Z) that want to volunteer while travelling. Report surveyed 21807 respondents of 16 years or above in 29 markets with about 1000 from each country. 71% of Gen Z travellers consider volunteering as enhancement to their trip's authenticity - more interaction with local people and making a difference. Sustainability travel is also on the rise with care for environment at the top of traveller's mind. Ritu Mehrotra, country manager India at Booking.com, says, 'Over 71% of all travellers want to reduce their carbon footprint by limiting the distance travelled. This number increases further among the Gen Z to 76% as they want to use more environmentally-friendly transport, walking or biking, during the holidays.' Read on...
More youth want to volunteer while travelling: Report
Mohammad Anas Wahaj | 30 jun 2019
According to 'Annual Status of Education Report (Aser) 2017' by nonprofit Pratham, about 42% of rural youth between the ages of 14 and 18 were employed in January 2018, despite going to school. Among these, 79% were working in agriculture, while at the same time only 1.2% of the youth surveyed wanted to become farmers. India's rural population residing in about 600000 villages has not benefited substantially from economic growth and opportunities are limited, resulting in large migration of youth to urban areas in search for greener pastures. But, they are not well equipped in terms of education and skills, to compete in a challenging urban environment to avail better opportunities and respectable lifestyle. Education, coupled with skill development, is the key to bring them at par with their urban counterparts. Ashweetha Shetty, founder of Bodhi Tree Foundation, is trying to bridge this rural-urban divide by building confidence and self-esteem among young people living in rural areas. Explaining the work of her nonprofit, Ms. Shetty says, 'Our foundation works with rural youth between the ages of 17 and 23. We help them build life skills and enlighten them about opportunities. We achieve all this through intervention at our village centers. We have a residential program for girls, and we also work with district administrations on initiatives, particularly those which concern the children of sanitation workers. Most of the rural youth we help are usually first generation college goers. Bodhi Tree helps them to think about their future. These young kids have many inferiority complexes, and there is an information gap. We are trying to bridge that through our organization.' Regarding the life skills that her organization is trying to build, she says, 'We do self-development, self-awareness workshops, and provide exposure to opportunities - we help the children to discover what they want to do in life and understand their strengths and weaknesses. We enable them to develop themselves through public speaking and other skills. We also conduct workshops on resumé writing to help them achieve their goal.' Differentiating her nonprofit from skill building organizations, she says, 'Bodhi Tree is completely different from skill building organizations. We don't want to build a skill in someone and send the message that it's the only thing they can do. Skill building programs have no progression, no scope for dreaming. I feel it robs opportunities from the children. Children should have access to government jobs, schemes, internships - they should have knowledge and know what to do with it. I think that's the difference between us and skill building initiatives. Maybe our model is not working that well because we are not focused on one skill, but I think this is a conscious choice we have made where we don't tell people about what skills they can inculcate. Rather, we tell them what kind of dreams you should have, we make people realize their potential. For us, the immediate impact is more like standing up for yourself and going to college.' Read on...
Helping India's Rural Youth Unlock Their Potential
Authors: Ankita Mukhopadhyay, Ashweetha Shetty
Mohammad Anas Wahaj | 17 apr 2019
Gen Z is one of the most connected and socially aware generations to enter the workforce. But for the progress of businesses and society in the right direction, experienced leaders need to encourage young people to pursue social entrepreneurship. Seven members of Forbes Nonprofit Council provide following suggestions - (1) Rupert Scofield, FINCA International: Educate Youth About Market-Based Solutions. (2) Geetha Murali, Room to Read: Celebrate Social Impact Companies. (3) Tom Van Winkle, Hinsdale Humane Society: Befriend Socially Responsible Organizations. (4) Kimberly Lewis, Goodwill Industries of East Texas, Inc: Show Impact In Real Ways. (5) Gloria Horsley, Open to Hope: Describe The Value On Their Terms. (6) Steven Moore, M.J. Murdock Charitable Trust: Invest In Communities That Bring Entrepreneurs Together. (7) Kila Englebrook, Social Enterprise Alliance: Leverage Media And Entertainment. Read on...
Mohammad Anas Wahaj | 28 feb 2019
Companies Act of 2014 made India the first country that made CSR (Corporate Social Responsibility) mandatory for a section of corporates. The companies were expected to integrate social development programs into their business models and culture. KPMG's 2018-19 report that analyzed the CSR work of 100 companies found that corporates increased their prescribed amount for CSR expenditure from Rs 5779.7 crore in 2014-15 to Rs 7096.9 crore in 2017-18. Moreover, they were actually spending more than what was prescribed (Rs 4708 crore in 2014-15; Rs 7424 crore in 2017-18. But India's most backward districts remain deprived these CSR funds. According to the Ministry of Rural Development, 115 of the 718 districts in India are backward. NITI Aayog suggests that corporates can contribute to the development of these districts. Jharkhand (19 districts, 1% CSR funds received); Bihar (13, 2%); Chhattisgarh (10, 1%); Madhya Pradesh (8, 3%); Odisha (8, 11%). While Maharashtra, Rajasthan, Gujarat, Karnataka and Andhra Pradesh, which account for only 15% of such districts, have received 60% of the CSR money. The most backward districts got only 13% of this year's funds and not more than 25% of the total projects. Companies have found convenient ways to direct their CSR funds and shrug off their social responsibility. In July 2018, 272 companies were served notices by the Registrar of Companies for non-compliance with CSR expenditure. Between July 2016 and March 2017, about 1018 companies were issued notices for non-compliance. KPMG has identified three principal areas of non-compliance - disclosure of direct and overhead expenditure on projects, details of overhead expenses, and keeping these overhead expenses below 5% of total CSR spends. Sujit Kumar Singh, senior program manager at Centre for Science and Environment (CSE), says, 'There is no data to know if companies are undertaking need-based assessment studies, a must since it prioritises the requirements of the impacted communities.' Mr. Singh adds, '...Often, professionals handling CSR are not trained to comprehend societal nuances. In most cases those heading the human resource department handle CSR activities. The need now is a policy which drive companies towards self-regulation, the key to CSR.' According to the reporting guidelines that CSE has prepared, 'Companies should self-regulate and be responsive to the disadvantaged, vulnerable and marginalised sections of society. They should respect and promote human rights, make efforts to protect and restore the environment, and support inclusive growth and equitable development. The guidelines show how to improve accountability and transparency in CSR spending, and make it an integral part of business.' Read on...
Indian firms' CSR spending needs more accountability and transparency
Author: Vikrant Wankhede
Mohammad Anas Wahaj | 15 jan 2019
According to the recent report published by the British Council and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), 'Developing an Inclusive and Creative Economy: The state of social enterprise in Indonesia', millenials are leading a surge in the creation of business that are working to create positive social and environmental impact. More than 70% of a surveyed sample group mentions that the social enterprises started in the last two years and about 50% of the social entrepreneurs are aged between 25 and 34 years. The reports estimates that there are more than 342000 social enterprises in the region. In Indonesia more than 1/5th of social enterprises work in the creative industries, contrary to other countries in Aisa-Pacific region, such as the Philippines, Sri Lanka and India, where agriculture, education and health dominate. Ari Susanti, a senior program manager for the British Council in Indonesia, says, 'Many young people want to work in an area where they can make change, not just earn a salary.' According to the World Bank, Indonesia is an emerging middle-income country that, over the last 20 years, has seen growth in GDP at the same time as poverty has been cut in half. These conditions are enabling the growth of social enterprises. Armida Salsiah Alisjahbana, executive secretary of UNESCAP, says, 'UN body would support the development of social enterprise as a key means of building an inclusive and creative economy. Social enterprise is an opportunity for Indonesia...This report provides a solid evidence base to inform future policies and strategies.' These social enterprises mainly support and benefit local communities, women and young people. Moreover, they have also become a substantial source of employment - the number of full-time workers employed by social enterprises increased by 42% from 2016 to 2017. The rise in social enterprises is also proving good for gender equality - the social enterprise workforce is estimated to be made up of 69% women and is responsible for a 99% increase of full-time female employees in 2016-17. Government, corporations and universities have all come together to offer their support to social enterprises. Bambang P. S. Brodjonegoro, economist and the Minister of National Development Planning of Indonesia, wrote in the introduction of the report, 'The government aims to be an active partner of social entrepreneurs and is committed to continue building and nurturing the social entrepreneurship ecosystem.' Read on...
Millennials lead social enterprise surge in Indonesia
Author: Lee Mannion
Mohammad Anas Wahaj | 27 nov 2018
Corporations are encouraging their employees to volunteer as part of their corporate social responsibility efforts. Experts recently conducted a workshop to discuss different stages of volunteering, scaling up the volunteer programs and how companies can use volunteering for better employee engagement, learning and alignment. Aditya Nagpal, Director and BU Head at Goodera, said, 'Our goal is to use technology and data to simplify volunteering, so more people are able to do good at scale. We feel that employee volunteering lies at the perfect intersection of people, planet and profit.' According to him companies go through five stages of volunteering - (1) Informal volunteering (2) Support and encouragement by launching initiatives (3) Planning initiatives strategically (4) Volunteering becomes essential component (5) Volunteering programs attain brand status. Svetlana Pinto, Country Head Communications & CSR at Novartis India, said, 'There are many advantages of volunteering that we have seen in our journey so far. Interestingly, we have found a lot of enthusiasm in the younger lot that is joining the workforce. Other things being equal, they would look more favourably towards an organization with a soul that helps them give back to the community. Volunteering has also helped in building a greater team spirit.' Ester Martinez, CEO & Editor-in-Chief of People Matters Media, conducted a session on 'Designing volunteering experiences for your workforce: Is your organization volunteering ready?' He addressed four challenges - getting started; sustainability of employees; architecting a good experience; policymaking. To overcome them it is important to have clear communication of values, better engagement of employees and a good reward and recognition program. Read on...
Designing volunteering experiences for your workforce
Author: Sharon Lobo
Mohammad Anas Wahaj | 13 oct 2018
Indian corporates that fulfil the conditions of Section 135 of the Companies Act 2013 relating to mandatory spending of 2% of last 3 years average profit on CSR are making a difference in vulnerable communities in India. According to the latest India CSR Outlook Report published by NGOBOX, Reliance Industries, HDFC Bank, Wipro, Tata Steel, NTPC, Indian Oil Corporation & ONGC spent more than their prescribed CSR budgets in FY 2017-18. The report analyzed CSR spends of 359 companies. The prescribed CSR budget of these 359 companies was Rs 9543.51 crore whereas the actual CSR spend was Rs 8875.93 crore (3/4th of total CSR spend in India). There is an increase in the prescribed CSR from 6% to 8% in the actual CSR spend from FY 16-17 and the number of projects have also increased by 25% from the previous year. REPORT HIGHLIGHTS: Maharashtra, Karnataka and Gujarat together received over 1/4th of India's total CSR fund. North-eastern states of Nagaland, Meghalaya, Mizoram and Tripura have received least funds; Public sector contribution is over 1/4th of the total; Oil, refinery and petrochemicals account for alsmost 1/4th of the total while healthcare and pharma contributes the least with just Rs 294 crore; CSR funding on education and skill increased by 50% from last year and is 1/3rd of the total CSR spend; Over 1/4th is spend on WASH (Water, Sanitation and Hygiene) and healthcare projects. Read on...
Corporates spend 50% CSR funds in education, skill development: Report
Author: Sonal Khetarpal
Mohammad Anas Wahaj | 30 sep 2018
People with business education and experience are now getting inclined towards social enterpreneurship and enterprises. They are realizing that business skills and expertise can be utilized to provide solutions to society's challenges. Prof. Patrick Adriel H. Aure of De La Salle University (Philippines) explains the importance of encouraging social entrepreneurship among business students and shares research and programs that he conducts at the university. The program, Lasallian Social Enterprise for Economic Development (LSEED), involves incubating student-led social enterprises that partner with marginalized local communities, while Social Enterprise Research Network (SERN) undertakes research and advocacy activities. Regarding one of the research conducted in relation to business students and social enterprises, Prof. Aure says, 'Our statistical analysis suggested there are two factors that consistently influence business students' intention to engage in social entrepreneurial activities - (1) Their perceived support from friends, family, and other organizations. (2) Their prior experience in socially-oriented activities such as volunteering.' Research findings suggest - Design social enterprise advocacy campaigns to target group participation and not encourage students individually; Schools may want to consider creating a pipeline of activities that enrich students' socially-oriented experiences. Read on...
The Manila Times:
Encouraging social entrepreneurship among business students
Author: Patrick Adriel H. Aure
Mohammad Anas Wahaj | 28 aug 2018
Nonprofits have to take the cue from their for-profit counterparts for successful implementation of marketing and technology oriented strategy implementations. Content marketing is now a mature field both in B2B and B2C aspects of business. Best practices are available. Gloria Horsley, founder of Open to Hope Foundation, explains the value of effective content for nonprofit organizations to educate, inform and engage with donors, volunteers and those the nonprofits intend to support and help. She shares her mistakes in content marketing in nonprofit realm and the learning from these experiences - (1) Transferring Existing Print Content Online: Offline content is outward-facing and telling rather than sharing or interactive; Written for entire audience and not personalized for specific segments; Online content need to be written in a way to engage audience; Interactive for audience to share their opinions; Utilizes story telling and visual content. (2) Delivering Content That Lacks Educational Value: Merely information and facts are not always valuable content; Specific content that educate different audiences is more valuable; Produce content that answers specific questions; Educational content attracts more supporters, donors and volunteers. (3) Letting Volunteers Run With It: Giving too much control to volunteers for content development risks consistency and integrity; They may create content that is not fully compliant with regulations; Specific rules and guidelines for content must be laid out; Templates and formats must be shared with temporary workers and volunteers; Provide volunteers access to content management system where content is checked and approved before being published. (4) Failing To Focus On High-Quality Writing: Emotion-based writing may not always be the best quality writing; Long sentences, grammatical mistakes, passive voice use etc leads to content exhaustion where audience lose interest; Use online tools like WordPress and Grammarly for appropriate writing; Professional writing techniques need to be adopted. Read on...
Mohammad Anas Wahaj | 31 may 2018
According to British Council's 2016 report, 'The State of Social Enterprise in Bangladesh, Ghana, India and Pakistan', there are more than two million social enterprises in India with 24% of them led by women. India is one of the fastest growing economy and it needs more social entrepreneurs to tackle socio-economic problems. Women have to enhance their participation. But, existing stereotypes alongwith lack of investor confidence are major hurdles in the way. According to the World Bank, labour force participation rate for women in India has fallen from 37% in 2004-05 to 27.2% in 2017, which is quite low in comparison to developed nations. Increasing participation of women in workforce is vital for balanced growth of the country. Archana Raj, Team Leader at Save The Children, says 'Despite these low indicators, it is worth mentioning that there are new generation women who have broken the barriers of societal norms and regressive mindsets to pave way to the new world of entrepreneurship. Over the past few years, it has been observed that more women are choosing this as a career over other options, making a mark in the start-up ecosystem. Nonetheless, the aim must be to reach higher, which can help the rest of the women of our country to rise beyond the barriers and choose for themselves.' Jamie Cid, a social entrepreneur and founder of MobiHires, says, 'I think that there is a great opportunity for women social entrepreneurs in India, especially mothers returning to the workplace, who develop products and services based on their experience and solve problems in their community. With platforms like Sheroes, Reboot, SheThePeople and Lean In India initiatives that support and invest in women social entrepreneurs, this is the right time to be one.' In one of the blog posts of World Bank, Monique Villa, CEO of Thomson Reuters Foundation and founder of TrustLaw and Trust Women, gives the example of Ajaita Shah who works in rural regions of India. Shah's organisation, Frontier Markets, sells and distributes products to rural households. The organisation calls itself a 'for-profit business with a social mission'. According to the Thomson Reuters Foundation, India ranks 35th among countries that are the best for women social entrepreneurs, with the US, Canada and the UK occupying the top three positions. Manju Yagnik, vice chairperson of Nahar Group and member of Indian Merchant Chamber, says, 'I personally do not believe in male-female classifications. I do not think capabilities and talent can be differentiated as per gender. Today's women do not seek sympathy. They want equal opportunities when it comes to decision-making in financial capabilities, which is still male-dominant. Thankfully, with the modern society promoting and striving for gender equality, the position of women is improving year after year. Women entrepreneurs in India are bringing revolution and growth in the public and private sectors. With the help of government initiatives, they will grow further.' Manisha Gupta, founder and director of Start Up!, says, 'Regardless of whether a woman is a social or business entrepreneur, she has to negotiate through an ecosystem that has been structured for men to succeed. Not only do we need more women social entrepreneurs but also an ecosystem where there are more women leaders at every level. We need them as coaches, investors, in finance, as leading incubators, etc to break the template.' Citing challenges women face, Ms. Raj comments, 'Pressures of social norms and societal biases force women to give up the job while tough competitive market further make their work challenging.' Ms. Yagnik feels the need for more women entrepreneurs in India. She says, 'Social entrepreneurship might be a great opportunity for Indian women professionals to break through the glass ceiling that typically exists in traditional corporate life.' Ms. Cid suggests social entrepreneurs to stay positive and focus on the bigger purpose and stay passionate about their goal. Explaining capabilities of women entrepreneurs, Ms. Gupta says, 'I always say that women social entrepreneurs use the 3Rs - resilience, relationship and resistance – to build and grow their ventures. They are masters of resilience, I have seen many women without any resources, standing on their own and building a business in rural regions. They also demonstrate strong capabilities of building connections and meaningful relationships with stakeholders which takes them far.' Read on...
Mohammad Anas Wahaj | 26 may 2018
Traditionally, businesses have been using corporate social responsibility (CSR) to contribute to society and tackle social issues through philanthropy, charitable giving, offering employees volunteer time etc. Recently, a letter to shareholders by an influential investor, Larry Fink, CEO of BlackRock, rekindled the debate around purpose and effectivenesss of CSR. His messages was, 'To achieve their full potential, public and private companies need to do more than simply give of their time and money; they need to find more innovative and impactful ways to contribute to solving the broader challenges in society.' Katie Bouton, Founder and CEO of Koya Leadership Partners, explains the need to better integrate business goals with public purpose and balance financial obligations to shareholders. This can be achieved through 'Purposeful Engagement', a more impactful CSR strategy. Ms. Bouton suggests the key elements to integrate into this new operating strategy - (1) Articulate a Larger Purpose: Howard Schultz, CEO of Starbucks, described their larger purpose as, 'Coffee is what we sell as a product, but it's not the business we're in. We're in the people business.' Steve Jobs, Founder of Apple, often talked about the company's larger mission of making high quality computers available to everyone. (2) Align Business Goals with Social Purpose: Larger purpose should be designed and implemented in a way that is integral to business success. Every employee should be engaged with larger mission. Measurements should be developed for every department and business line. (3) Integrate Resources to Maximize Impact: Lack of coordination and integration wastes resources. CSR efforts are often siloed in differenet departments. All departments should work together for a common purpose. (4) Build a Diverse and Inclusive Team: A McKinsey study showed companies with higher-diversity leadership teams and boards have 30% more success than those that don't. (5) Understand the Future Workforce: Millennials will make up over 50% of the workforce by 2020, according to PwC. Values and purpose are priorities for them. Purposeful Engagement becomes vital to attract and retain the talent for future. Read on...
Beyond CSR - Leading With More Purposeful Engagement
Author: Katie Bouton
Mohammad Anas Wahaj | 30 apr 2018
Artificial Intelligence is one of the fields that's getting most attention from technology companies. AI researchers specialize in neural networks, complex algorithms that learn tasks by analyzing vast amounts of data. They are used in everything from digital assistants in smartphones to self-driving cars. Those with AI skills are in high demand. But, the salary data related to AI hires hasn't been in public domain. Now OpenAI, a nonprofit AI research organization, had made the salaries of their AI researchers public as their nonprofit setup requires them to do so. Top OpenAI researchers were paid as follows - Ilya Sutskever (more than US$ 1.9 million in 2016); Ian Goodfellow (more than US$ 800000 after getting hired in March 2016); Prof. Pieter Abbeel of University of California at Berkeley (US$ 425000 after joining in June 2016). OpenAI was founded by Elon Musk (CEO of Tesla) and other well-known names in technology. Element AI, an independent lab in Canada, estimates that 22000 people worldwide have the skills needed to do serious AI research - about double from a year ago. Chris Nicholson, Founder & CEO of AI startup Skymind, says, 'There is a mountain of demand and a trickle of supply.' There is scarcity of AI talent. Governments and universities are also seeking AI researchers, even though they may not match the salaries paid by private enterprises. OpenAI too cannot compensate equivalent to private tech companies as stock options are major attraction there. But OpenAI shares its research with the world, considered a positive approach in responsibile tech development. Mr. Sutskever says, 'I turned down offers for multiple times the dollar amount I accepted at OpenAI. Others did the same.' He expects salaries at OpenAI to increase as the organization pursued its 'mission of ensuring powerful AI benefits all of humanity.' AI specialists with little or no industry experience can make between US$ 300000 and US$ 500000 a year in salary and stock. Wojciech Zaremba, a researcher who joined OpenAI after internships at Google and Facebook, says, 'The amount of money was borderline crazy.' He says that tech companies offered 2 or 3 times what he believed his real market value was. At a London AI lab now owned by Google, costs for 400 employees totaled US$ 138 million in 2016. Top researchers are paid higher. Mr. Nicholson says, 'When you hire a star, you are not just hiring a star. You are hiring everyone they attract. And you are paying for all the publicity they will attract.' Other top researchers at OpenAI included Greg Brockman and Andrej Karpathy. In a growing and competitive tech field like AI it becomes challenging for organizations to retain talent. Read on...
The New York Times:
A.I. Researchers Are Making More Than $1 Million, Even at a Nonprofit
Author: Cade Metz
Mohammad Anas Wahaj | 17 mar 2018
According to the recent report based on PRIME Database, listed Indian companies that total 1019 have spent Rs. 9034 crore in 2017-18 to fund their CSR (Corporate Social Resposibility) projects and activities. Nearly 37% of these funds were used for education and vocational skill training activities. This development area also witnessed the largest absolute increase in allocation of resources and funds. Moreover, the biggest increase was found in activities that support and benefit the armed forces veterans, war widows and their dependents. Other focus areas that saw increased in expenditure were community development, infrastructure, environment sustainability, social welfare, sports, and slum development. But, eradication of hunger and poverty, and promotion of healthcare and sanitation had expenditure decreased by 18.6%, from Rs. 2944 crore to Rs. 2394 crore. Report by KPMG, 'India CSR Reporting Survey 2017', showed that while education and healthcare have been in focus for the past three years, organizations have slowly begun diversifying their area and geography of development in the last one year. Another recent report found the total CSR expenditure figure at Rs. 7050 crores and said that out of India's top 100 firms, 59 met their CSR targets, while 33 companies had an expenditure of less than required 2%. This report also listed educational projects, rural development, and healthcare as the key focus areas of the companies. Read on...
India Inc.'s CSR spend highest on education and skilling - Report
Author: Manav Seth
Mohammad Anas Wahaj | 28 feb 2018
Social entrepreneurs utilize their skills and efforts to solve social issues and make world better. The School for Social Entrepreneurs (SSE) India runs a 9 months long Social Start-Up Fellowship program, an initiative supported by PwC India, to assist social entrepreneurs develop and scale their social enterprise ideas and concepts. SSE recently felicitated 17 social enterpreneurs that graduated from the program. Attending the occasion, Dr. Jitendra Singh, Minister of State (PMO, Govt. of India), said, 'There is a sense of satisfaction when you witness, for the second year in a row, a new set of social entrepreneurs graduate with the skills to make a difference in the lives of others through their innovative ventures.' Satyavati Berera, COO of PwC India, said, 'Social entrepreneurship is steadily gaining momentum in our country and we are proud to be part of this journey which for PwC began its association with SSE India in 2016...Each mentoring opportunity helped our people interact with those working at the grassroots and built a different perspective, which will have a deep positive impact on the way we serve our stakeholders.' Shalabh Mittal, CEO of SSE India, said, 'At SSE India, we believe in bottom-up social change and help social entrepreneurs work in broken markets or in the poorest of communities...our learning approach has the ability to empower entrepreneurs to start, grow and scale.' Also present was Jaivir Singh, Chairperson of SSE India and Vice Chairman of PwC India Foundation. Website the-sseindia.org gives list of 17 social entrepreneurs felicitated - (1) Prem Kumar (Sambhawana Development Foundation, Livelihood, Non-Timber Forest Produce - NTFP) (2) Bharti Singh Chauhan (PraveenLata Sansthan, Women & Child Welfare) (3) Dr. Anirudh Gaurang (Rovnost Healthcare, Healthcare) (4) Sonali Patwe (Perseverance Infosystems Pvt Ltd., Technology) (5) Hemanta Gogoi (wowNE, Livelihood) (6) Lourdes Soares (SabrCare, Healthcare) (7) Dr. Sumedha Kushwaha (ATTAC, Healthcare) (8) Dr. Raunaq Pradhan (Saaras Foundation, Policy Implementation) (9) Abhishek Juneja (Adhyaay Foundation, Education) (10) Riddhi Dastidar (Riyaaz, Education) (11) Abhishek Jhawar (National Abacus, Education) (12) Ayushi Shukla (Sanima, Arts & Cinema) (13) Inderpreet Singh (SPEEE, Community Well-being) (14) Neharika Mahajan (Oryn, Environment & Livelihood) (15) Umang Shridhar (KhaDigi, Rural Livelihood & Khadi) (16) Vilas Gite (Praas Development Foundation, Rural Development) (17) Devaja Shah (Amiku, Mental Healthcare). Read on...
17 Social Entrepreneurs Honoured By School For Social Entrepreneurs India And PwC India
Mohammad Anas Wahaj | 28 dec 2017
Corporations and businesses are actively involving themselves in social and community development through corporate social responsibility (CSR), philanthropy, nonprofit partnerships, volunteering etc, to create social impact and a better world. Volunteering can play an important role in providing skills that help in building a solid foundation for a successful career. Ebony Frelix, SVP of philanthropy and engagement at Salesforce, says, 'Some of my most memorable character building experiences and important learning moments have come from volunteering. I really do feel that giving back deepens our connections, bringing companies, people and communities together.' During her early career at Salesforce she managed interns from a nonprofit and later on joined Salesforce.org to lead the company's volunteer programs in Americas. She adds, 'The role opened my eyes to the possibility that I could merge my passion for volunteering with my professional career.' Salesforce applies 1-1-1 model for CSR and philanthropic activities. Marc Benioff, founder and CEO of Salesforce, at the time of founding of the company in 1999, set aside 1% of employee time for volunteering, 1% of equity for philanthropic donations, and 1% of products or services to give away to nonprofits. As a result of applying this model, Salesforce has given more than US$ 184 million in grants, 2.5 million hours of community service and provided product donations for more than 33000 nonprofits and higher education institutions. Business, technology and social impact are interconnected. Businesses realize that to do well, they have to participate in doing good. Consumers are now sensitive to ethical aspects of businesses and expect them to align with their values. Cone reports that 87% of Americans will purchase a product because a company advocates for an issue they care about and 76% refuse to purchase a company's products upon learning it supported an issue contrary to their beliefs. Ms. Frelix says, 'I'm excited about the intersection of the nonprofit and technology industries, and seeing innovative systems and products now accessible to nonprofits after traditionally only being available to large corporations.' Read on...
Mohammad Anas Wahaj | 25 oct 2017
Social enterprises are businesses driven by the purpose to do social good and work for the uplifment and betterment of society. Business corporations too are creating similar impact through their corporate social responsibility (CSR) initiatives and often partner with social enterprises. The concept of doing good while making money is becoming mainstream. According to a survey by Rappler, '90% of millennials today value purpose as highly as salary and career progression in choosing their place of work. They prioritize impactful businesses that are sustainable and responsible in conducting their operations.' Thomas Graham, founder of MAD (Make A Difference) Travel and author of 'The Genius of the Poor', explains how a community of social entrepreneurs, 'Gawad Kalinga (GK) Enchanted Farm' in Bulacan (Near Manila, Philippines), is making a difference in the local community and market, what for-profit businesses can learn from their way of working, and provides an example of a growing social enterprise that is part of the system. Even Jean-Philippe Courtois, President of Microsoft International, visited the GK Enchanted Farm, a 42-hectare farm-village-university, not only to give back but also to meet the entrepreneurs there and learn more about how their values-driven approach has been able to make an impression in the market. Mr. Graham says, 'The greater goal of the farm, however, is not to convince everyone to become a social entrepreneur, but to demonstrate that doing business in the spirit of 'walang iwanan' (no one gets left behind) can be beneficial to everyone, no matter how big or small a business is.' Explaining the working model of a social enterprise in the GK farm, 'Plush and Play' (founded by a Frenchman Fabien Courteille), Mr. Graham says, 'Instead of conducting a more conventional business approach, which might involve extensive market research and a strict business model, followed by the importing of skills from elsewhere, Courteille instead spent his time living in the GK village, discovering the aspirations and talents of the community - in this case, sewing - and building a business plan out through unleashing the potential he saw before him.' Mr. Courteille comments, 'I did not choose an industry, but a beneficiary.' There are lessons that are to be learned from the working and progress of social enterprises. Mr. Graham says, 'Of course, 'Plush and Play' still has a long way to go before its volume of sales can compete with other mainstream brands in the Philippines, but there are lessons we can take from Courteille progress thus far. As consumers become increasingly patriotic and socially/environmentally conscious, having a great and authentic story to tell can set you apart, even in the most congested of markets. In this sense, doing good really does make good business sense.' He further explains, 'There are over 40 different social enterprises all at varying stages of growth and development, but what is to learn from them is valuable to any business: hard work, resilience, ingenuity, creativity, innovation, sustainability and taking care of one's employees and environment.' Read on...
Big businesses could learn from social enterprises
Author: Thomas Graham
Mohammad Anas Wahaj | 22 oct 2017
Handling failures effectively is an important aspect of learning from the process of doing. When it comes to social entrepreneurship, understanding the dynamics of failure may be more complex then for-profit entrepreneruship. While pursuing social goals for the betterment of the world, it might be harder to reconcile and recuperate when one fails. Keep the following things in mind when one recovers from failure in the social sector - (1) You raised awareness: Understand the value of spreading a good idea and message. It can be a satisfaction in itself. (2) You learned what not to do: Lessons learned from the failed project can lay the foundation for success in future projects. (3) Your leadership will be refined: Leading a social impact organization is very challenging. Skills get honed and further developed during the process. Failure can bring humility, ownership, accountability and resiliency - the traits of an influential leader that can embark on the tough journey of bringing social change and serving others. Read on...
Mohammad Anas Wahaj | 30 sep 2017
Data can be gold for those who can mine and transform it into a valuable form. Mastercard is giving a new meaning to it and evolving a concept of 'data philanthropy.' Shamina Singh, president of the Mastercard Center for Inclusive Growth, explains the idea of data philanthropy and how data can be utilized for social good and social impact. She says, 'The initiative first came up through a partnership with DataKind in the United States. They were set up to galvanize data scientists from around the world and plug them into social impact work. And so a number of our Mastercard data scientists signed up to DataKind programs, and this gave us the opportunity to form a much more lasting and strategic partnership between the organizations. It opened a new conversation about data for good, what it could look like, and who was doing what in this space. It was also around this time that we had the United Nations opening up to data and data initiatives, and companies like Microsoft thinking about data for good.' Explaining some of the elements of data philanthropy Mastercard is focused on, she says, 'One is working with actual Mastercard data and trying to figure out if there are uses with anonymized and aggregated data that will not only respect the rules of the road around privacy, but can be used for research. We first opened our data for use by Harvard University, who approached us with a proposal to use the data to understand how economies grow, with a specific focus on tourism data and understanding how tourism dollars move in a country. Using Mastercard transaction data, we were able to provide new insights into this area...The other area of data philanthropy is around data analytics. What we have found is that many social impact organizations or NGOs do not need Mastercard data at all. Instead, they need to understand their own data, but often don't have the capacity or resources to help themselves. In those instances, we provide either a grant to hire a data scientist, fund an expert consultant, or provide our own data scientists to build their capacity and ability to learn. The inspiration for this element of data philanthropy came from our work with an organization called DoSomething...' Providing information on how Mastercard data scientists are internally looking for insights, she says, 'We started something called the charitable donations insight, and that is something that one of our colleagues is doing where she is using Mastercard data and drawing insights to help nonprofits understand charitable giving. We asked what a spending poll would look like for not-for-profits and social impact organizations, and insights is the first attempt at that...What she realized is that a lot of the not-for-profits have to raise their own funds, but there is not a lot of science behind potentially where and how they should be doing this. So she thought if she could unlock some of the data around the charitable contributions that we know of, she could offer insights to assist them. The other thing we did, which was very interesting, was we created a dataset that organizations could pull down if they want to, and mix it with your own data to self-regulate your own work.' Read on...
Mohammad Anas Wahaj | 18 sep 2017
According to various studies corporate ethics and social responsibility (CSR) are becoming integral to the realm of businesses and corporations. Ethisphere Institute has been compiling list of 'World's Most Ethical Companies' since 2007. Robert Reiss, host of CEO TV Show and co-author of 'The Transformative CEO', interacted with business leaders to discuss the state of business ethics and CSR, particularly emphasizing on the concepts and their meaning, relationship between ethics and responsibility, best practices in building an ethical culture, and insights on measuring ethics. Here are their summarized responses - (1) Dan Amos (Chairman and CEO of Aflac): 'Ethics is a mindset, not an option.' Consumers respond to it in positive way; Ethics is a subset of CSR. Ethical companies will always display strong governance and compliance. Socially responsible companies are ethical but also understand their overall obligation to make the world a better place; Culture begins at the top. Communicate and celebrate responsibility regularly. Don't be partially ethical; Annual scientific CSR survey, work with Ethisphere and Reputation Institute to validate the direction of ethics and CSR programs. (2) Timothy Erblich (CEO of Ethisphere Institute): 'Good Ethics is Good Business.' Financial return of ethics is significant; CSR is a critical component of overall ethics quotient just like governance culture, transparency, customers, gender equality, philanthropy etc. Its all combined to build trust; Empower managers at the local level. Top leadership must be all in. Be committed and focus on integrity. Measure and communicate results. Incorporate culture at all levels and in all activites; Measure through peer-to-peer analysis and networking. Directly engage with employees. Routinely survey employees, customers and stakeholders. Join exclusive networks like the Ethisphere's Business Ethics Leadership Alliance (BELA). (3) Rodney Martin (CEO of Voya Financial): 'Ethics is a reflection of our commitment to doing business the right way. We emphasize trust and transparency.'; CSR includes key aspects of company culture like ethics and transparency, diversity, inclusion and equality, environmental sustainability, governance, and volunteerism and philanthropy; Exemplary leadership is essential. It should be part of the core values. Building ethical culture must be centered on doing the right thing in a safe and open environment; Participate in Ethisphere Institute's annual World's Most Ethical Companies. It enables to benchmark the company with other industry leaders. Read on...
Mohammad Anas Wahaj | 31 aug 2017
Executive pay is always a topic of debate and more so when it is a case of nonprofits. Moreover, when nonprofit healthcare executives are in focus, the dynamics of the issue become even more complex. As healthcare is an essential aspect of everybody's life, rich or poor, and has a humanitarian dimension, the issue is an everyone's concern. In healthcare, just like in education, for-profit and nonprofit delivery models co-exist, but general population treats these sectors as noble and a large number despises the business-like profit-making approach. A debate is brewing up at the University of Vermont Medical Center (USA), a nonprofit healthcare provider, where CEO's salary is more than US$ 2 million. To justify the compensation, hospital board members say that their executive pay is in line with competitors and makes up a small portion of their budget. But there are other differing views. Sen. Chris Pearson (P/D-Chittenden) says, 'To see that the CEO of our hospital is getting US$ 2 million...it's just way out of whack with the Vermont economy.' State of Vermont has 14 hospitals, all of them nonprofits. Kevin Mullin, the state's chief health care regulator, decided to highlight the salaries of top officials in these hospitals. He says, 'I think it might be illuminating to the public.' Scottie Emery-Ginn, UVM's board chair, justifying executive compensation, says, 'Our health care professionals come from a national market...In order for us to get the best people and keep the best people, we need to pay competitively.' There are no clear rules on salaries of nonprofit employees. The IRS requires only that compensation be 'reasonable', which has been interpreted to mean comparable to similar organizations. A Wall Street Journal analysis of Form 990s found that, in 2014, 2700 nonprofits provided seven-figure compensation packages, and 3/4th of those organizations worked in the health care sector. Executive pay is a concern during the debates on cost of medical care. The US spends US$ 3 trillion annually on health care - more than any other country - and administrative costs are 20-30% of that sum. Sen. Pearson says, 'It obviously inflates our health care costs...When you have public-relations people at the state's largest nonprofit hospital making half a million a year, it undermines confidence in the entire system.' Views of other employees are important in this regard. Maggie Belensz, a nurse at UVM's neurological unit, says, 'It's difficult to hear those numbers as a nurse.' Laurie Aunchman, a UVM nurse and president of Vermont Federation of Nurses & Health Professionals, acknowledged the need to pay competitively but said the hospital should balance 'offering someone a million dollars or 2 million dollars' with investing money in 'taking care of the patient.' Mari Cordes, a UVM nurse and health care activist, says, 'We think it's an ethical issue. That excess money could be used to improve access to health care for everyone in Vermont...It could be used to provide support for people actually providing the frontline high-quality care.' Dr. Deb Richter, a universal health care proponent, described executive pay at Vermont hospitals as 'obscene.' Read on...
Seven Days VT:
Million-Dollar Question - How Much Should Nonprofit Hospital CEOs Earn?
Author: Alicia Freese
Mohammad Anas Wahaj | 30 may 2017
Volunteering for a charitable cause is not only a popular way to give back to society, but it also helps individuals to hone their skills and add to their experiences. There are number of platforms, both online and offline, like United Way, Points of Light, VolunteerMatch etc, that can assist in finding the right cause to volunteer. According to Basil Sadiq, marketing associate at VolunteerMatch, 'Our platform gives volunteers the ability to search for opportunities that adhere to their skill level or learning outcomes.' Following are some innovative ways to volunteer - (1) Strut your stuff: Volunteer for a community theater production; Share music with hospital patients; Share your voice with the community by giving tours; Interpreting exhibits at a local museum or zoo; Share your voice that can help people who use assistive communication technology. (2) Plan a party: Help in birthday celebrations to homeless kids and families; Contribute for hospice agencies and senior centers that plan events. (3) Get crafty: Knit and sew for those in need. (4) Make very special deliveries: Bikers can participate in logistics service for a charity. (5) Build and rebuild: Help veterans to build and maintain homes; Build and improve parks and playgrounds for kids. (6) Create Code: Address community problems with technological solutions; Write code and develop website for a cause; Help raise money for charitable causes by participating in computer games events. (7) Volunteer virtually: Blogging; Language translation; Virtual interaction with people in trauma and offer relief. (8) Hike or climb for a higher cause: Keeping and maintaining trails; Add service to a hiking vacation; Helping with outdoor adventures. (9) Help a pet get to a new home: Transport a rescued pet. Read on...
9 Creative Ways to Volunteer and Really Make a Difference
Author: Catherine Holecko
Mohammad Anas Wahaj | 24 may 2017
Nonprofit boards can be critical resource for the organizations if utilized effectively. Board members bring diverse set of skills, experiences, networks etc. But above all, the passion to do good for the society by supporting the causes of the nonprofits is one of their main driving force. Organizations have to devise mechanisms and methods to effectively use board's time to avail full benefits of the skills and passions. Members of the Forbes Nonprofit Council share the following advice - (1) Pamela Hawley, UniversalGiving: Cultivate a real relationship; Understand board members and their interests; Find out what they care about. (2) Elizabeth Cromwell, Frederick County Chamber of Commerce: Use a consent agenda; Board members are fully prepared and know the deliverables; Productivity is enhanced. (3) Gloria Horsley, Open to Hope: Hold smaller discussions online; Helps to timely address issues; Improves working partnership. (4) Eleanor Allen, Water For People: Engage board members through individual action plans; Customized to each member's strengths; Improves engagement and commitment. (5) Daniel Speckhard, Lutheran World Relief: Seek the board's help with strategy; Engage the board on broad, macro and strategic issues to set the strategic direction of the organization. (6) Peggy Smith, Worldwide ERC: Focus on transparency and efficiency; Stay in frequent contact with board members and perform due diligence on all information - financial, strategic and operational - before it's shared with the entire board. Read on...
Mohammad Anas Wahaj | 16 mar 2017
According to the NASSCOM Foundation report, 'Catalysing Change Through CSR', about half of the IT and financial services companies (70) interviewed have spent more than 70% of their CSR in education and employable skills initiatives. Ganesh Natarajan, Chairman of NASSCOM Foundation, says, 'Education and employable skills are the key to most of India's social problems. An industry, which has grown solely by investing into knowledge and key skills, realises the difference a skilled knowledge society can make and therefore, a major chunk of the CSR funds has been dedicated to education and employable skills.' The report finds that companies are placing greater importance on monitoring outcomes by integrating technology. Among the roadblocks cited by most companies was identification, selection and due diligence on NGOs and the absence of robust tracking process. Read on...
Mohammad Anas Wahaj | 28 jan 2017
Creating long-term and sustainable partnerships between businesses and nonprofits, can play a valuable role in tackling social challenges facing communities. Hussein Farah, founder and executive director of New Vision Foundation, explains how nonprofits can build partnerships with corporations and derive benefits from these meaningful relationships for the communities they serve - (1) Have a strong and relevant mission that provides distinctive value to the community and relates to the values of a corporate partner and identifies it as a significant contributor. (2) Leadership of nonprofits should effectively and compellingly communicate the mission to the corporate partner. Strong marketing effort is required that embodies the mission and displays business sense. (3) Nonprofits should create a solid board that assists in dissemination of its value proposition on a peer-to-peer basis. Boards that include corporate members would be more effective in negotiating the terms of partnerships. Moreover, nonprofits must be clear in their expectations from corporate partners, who should beforehand know their resource commitments. Read on...
Mohammad Anas Wahaj | 21 jan 2017
Building a successful CSR (Corporate Social Responsibility) program requires commitment, consistency, continuity and culture within an organization. Claudia Schiepers, Chief Marketing Officer of Greystone and winner of The CMO Club's CSR Award'2016, helped promote a culture-centric curriculum for CSR and shares valuable insights to inspire marketing leaders to develop a successful CSR program in their organizations - (1) Start from the ground up: 'We try to engrain it in everything that we do. I would say start small, test and grow it from within the company...It's all about making suggestions, trying things out and then rolling them out across the organization.' (2) Assemble a top-notch toolbox: 'We gave them a lot of tools. We have employee engagement data that we share with managers, (teaching) them how to have difficult conversations and great conversations. So, it's all about empowering the managers in your company to use the system, having your employees feel like they are involved in it.' (3) Give instruction: Developed a culture book that outlines standards of behavior when it comes to being charitable. 'We say, at Greystone, (caring) means being interested in or concerned about the wellbeing of others. It means that you actively listen, keep an open mind, seek to understand, treat people with respect and kindness. We don't allow yelling. Mentor others, foster other's development, lead by example.' (4) Know that if you build it, they will come: Strikes a balance between good PR and sincerity by publicly commending their local offices' good deeds on social media platforms. 'I think that makes the story more powerful because it is not a corporate driven initiative. We don't do it to get a pat on the back afterwards. I think that's the key for our social responsibility. That is the biggest return on the investment, that we get people that care about other people to join our company.' Read on...
Mohammad Anas Wahaj | 29 nov 2016
Philanthropic giving continued to thrive in US and exceeded US$ 373 billion in 2015. Educational institutions got 12.86% (US$ 48 billion) of the total. As public funding to education gets reduced, colleges and universities are realigning strategic objectives and development goals to suit the funding priorities for donors and organizations. Donors have their own criteria to determine the funding goals that make an impact. According to Charles Koch, businessman and philanthropist, 'It is simply identifying organizations which want to make life better by empowering free will and enterprise. I decided that I wanted to give as many people as possible ideas so that they could transform their lives. That's been my motivation.' Michael Lomax, President and CEO of UNCF.org, recently shared his views on the potential for social modeling between UNCF and Charles Koch Foundation, and their US$ 29 million partnership for tuition assistance and career development. He says, 'The success of this program lies in our shared vision that a mind - and a life - is a terrible thing to waste. It is why our partnership's ultimate goal is to give students the opportunity to explore the values and skills of an entrepreneur, and better understand how an entrepreneurial mindset will benefit both them and their communities.' Nicholas Perkins, Founder and CEO of Perkins Management Services Inc, explains about his support to Howard University, 'Anytime that a minority company has an opportunity to partner with an historically black institution, that partnership should be the base from which growth and progress for that particular campus comes. So we always try to fit ourselves into that puzzle.' Educational institutions often find funding success by proactively tapping into the goodwill of graduates and stakeholders. Miami University of Ohio invested a substantial amount from its fundraising campaign towards enhancing academic programming in media studies, writing and gerontology. It launched 'Miami Plan', a 36-credit hour course mandate for all students to be immersed in and appreciative of the impact of liberal arts across all career paths. Gregory Crawford, President of Miami University of Ohio, says, 'For me, people don't expect a physicist to have such a passion for the liberal arts, but it had such a big impact on my life, my leadership style and my interests. I couldn't be more enthusiastic in sharing how it helped me to learn about human flourishing and in thinking more holistically, which was super important to me in the physics world.' He adds, 'Many of our own alums and donors understand the value of the education provided to them, and they love what we're doing with the Miami plan, so they freely invest in that vision.' Read on...
What inspires people, corporations to give to higher education?
Author: Jarrett Carter
Mohammad Anas Wahaj | 29 oct 2016
Conflicts and wars, apart from taking human lives, causing destruction and displacing ordinary people, also disturbs affected children's educational future and creates regional human resources imbalances. The ongoing Syrian Civil War has led to an estimated quarter-million young people getting deprived of college education. Gordon Brown, former Prime Minister of UK and currently UN Special Envoy for Global Education, explains collaborative role of charities, philanthropists and nonprofit foundations to overcome educational deprivation of displaced students. He advocates the need of realizing the potential of social enterprises to fill the gaps in global education. He says, 'With 260 million children not in school worldwide, education needs more champions to match the enthusiasm of advocates in, say, the global-health and environmental movements. There is more room for innovation in education than in any other international-development sector, especially as digital technologies and the Internet become more accessible even in the world's poorest regions.' He shares how Catalyst Trust for Universal Education, an education focused social entperise founded by former New York University President John Sexton, is helping out in global education efforts. Catalyst Trust participates in PEER (Platform for Education in Emergencies Response) project intended to connect college-ready Syrian refugees with refugee-ready colleges. Explaining the future of PEER project, he comments, 'In time, PEER will serve as a conduit to higher education for displaced students worldwide, and it will cater to all education levels, by providing web-based information, points of contact, and much-needed counseling and support.' He advocates support to social startups like Catalyst Trust, that are working on various aspects of education globally. He encourages education reformers to learn from pioneering work of Sir Ronald Cohen on social-impact investing. He cites some specific pilot projects that individuals and organizations can support to make a difference in education - help refugee students in their education; human-rights education to determine how school curricula can best cultivate inter-faith understanding; help the two million students who are blind or visually impaired, and whose educational needs have long been neglected. With new technology, we can now leapfrog the 150-year-old braille system and instantly render text into audio recordings, making all types of learning materials accessible to the visually impaired. Mr. Brown concludes, 'For anyone who cares about education, our task is clear: to furnish millions of poor people, especially in the remotest parts of the world, with the innovations they need to transform and improve their lives through learning. As the Catalyst Trust intends to show, a little social enterprise goes a long way.' Read on...
Mohammad Anas Wahaj | 30 sep 2016
According to the first experts' poll conducted by Thomson Reuters Foundation (poll2016.trust.org), in partnership with Deutsche Bank, the Global Social Entrepreneurship Network (GSEN) and UnLtd, the top nations for social entrepreneurs are - (1) United States (2) Canada (3) United Kingdom (4) Singapore (5) Israel (6) Chile (7) South Korea (8) Hong Kong (9) Malaysia (10) France. The poll included survey of about 900 social enterprise experts (social entrepreneurs, academics, investors, policy-makers and support networks) in the world's 45 biggest economies. 85% of the experts said the number of social entrepreneurs finding ways of combining business with social purpose was growing although there is little data tracking the sector. According to Natalia Oberti Noguera, founder of Pipeline Angels (US), 'If someone's interested in financial return on investment, that's not a good fit. We're about so much more. We're about doing good, we're about doing well.' Nearly 60% of the experts surveyed cited three major challenges in the growing sector - people do not know what social entrepreneurs do, which makes raising funds difficult and selling to governments is an uphill struggle. Anne Katrine Heje Larsen, founder and CEO of KPH (Denmark), says, 'There are still too many people who view social entrepreneurs as a bunch of hash-fuming utopian people in knitted sweaters. They couldn't be more wrong.' According to Ayşe Sabuncu, co-founder of Impact Hub Istanbulin (Turkey), 'People do not understand social entrepreneurs create money making businesses like any other business, and they question the philosophy of it if the entrepreneur ends up making profit.' Andy Carnahan, a Swedish social entrepreneur, says, 'A greater understanding of how for-profit businesses can be a driving force for social good would help. We need this (awareness)...among the public who don't realize how much good can be done by a for-profit business that has a social good built into its business model.' Poll found that India, Philippines and South Korea are among those where social entrepreneurs were finding it easiest to access investment. According to Prashanth Venkataramana of Essmart Global, 'A lot of people see India as an opportunity overseas, especially in America.' Bank of America's 2016 survey found that 85% of millennials were interested in having a social impact through investment. It also found that women were more interested in impact investing than men. Peetachai 'Neil' Dejkraisak of Siam Organic (Thailand) says, 'World-class social enterprises are run by women in Asia. They do a really good job balancing the social and financial objectives.' Rosemary Addis, chair of Impact Investing Australia, says, 'Individual enterprises are finding a niche and finding they can engage the market and sell their products or services. But as a sector, the concept of social enterprise and purpose-driven business has not yet got mainstream awareness. That's a job ahead to educate the public.' Read on...
Mohammad Anas Wahaj | 28 sep 2016
According to the conditions set forth in the CSR (Corporate Social Responsibility) Law in India, all companies with a net worth of Rs 500 crore or revenue of Rs 1000 cr or net profit of Rs 5 cr should spend 2% of last 3 years average profit on charity work. CSR management firm, NextGen, studied the annual reports of the top 100 firms by market capitalizations on NSE (National Stock Exchange) for 2014-15 & 91 firms for 2015-16. The total spend on CSR activities for 91 firms is Rs 6033 cr for FY16, while it was Rs 4760 cr by 100 companies in FY15. According to Abhishek Humbad, co-founder of NextGen, 'More and more companies are realizing that not meeting 2% makes them look bad, and for large companies, it can turn out be a reputational risk.' The energy sector accounted for nearly 26% of the total CSR spending. Reliance was the largest spender in FY16, using 2.3% of its profit (Rs 652 cr) on education, health and other social activities. Jagannatha Kumar at chairman's office of RIL says, 'The amount spent on each of the focus areas varies on an annual basis depending on the scope of work for the year.' In FY16 RIL spend on healthcare halved to Rs 314 cr while on education it increased to Rs 215 cr from Rs 18 cr in FY15. According to Parul Soni of Thinkthrough Consulting, a CSR consultancy, 'Manufacturing companies like automotive have been well poised to do CSR because they focus on communities around their plants and it helps build engagement with local communities. Also, many of them are working in skill development.' Some of the top causes that corporates spend on are healthcare, poverty eradication, education, skill development, rural development, and environment. Noshir Dadrawala, CEO of Centre for Advancement of Philanthropy, says, 'Skills have been trendy. These causes have seen an increase because many of the skilling initiatives instead of being classified as an education initiative is being put under providing employment and reducing poverty. Also when it comes to healthcare, conducting blood donation camps is a popular way of doing CSR as it is easy and effective.' Ravi Chellam, ED of Greenpeace, points out that environment is not a priority issue for most Indian corporates. He says, 'On environmental issues, companies seem to prefer to focus on either their own campuses or areas immediately surrounding their locations.' According to Loveleen Kacker, CEO of Tech Mahindra Foundation, '50% of all our CSR capital goes into empowering women and another 10% for the disabled. We believe that any development can happen in any of the areas - from nutrition to sanitation, only when women are empowered. And we feel only economic empowerment of women can bring about social empowerment.' The top geographical regions that were beneficiary of CSR funds for FY16 are Maharashtra, Tamil Nadu, Gujarat, Andhra Pradesh, Rajasthan and Karnataka. Vinod Kulkarni, head of CSR at Tata Motors Ltd, says, 'It is part of our policy to invest CSR funds in geographies in close proximity to our area of operation. It amplifies the outcomes and impact.' Arun Nagpal, co-founder of Mrida Group, comments, 'The reasons for firms to select geographies close to manufacturing plants or areas of work are valid but this leads to an imbalance in the division of CSR funding.' Read on...
Firms ramp up CSR focus on healthcare, poverty, hunger
Authors: Arundhati Ramanathan, Moyna Manku
Mohammad Anas Wahaj | 15 jul 2016
Local communities require participation from its members for their better development. Individuals have to be proactive and should make valuable contribution, and work as a team to make a difference. Pawel Alva Nazaruk, social entrepreneur and owner of Better World International, suggest 7 ways to support communities and change neighbourhood - (1) Support Children - They Are Our Future: Support a child or team for a community activity. (2) Build A House - Sweat And Get Dirty: Find opportunities to help build homes for the disadvantaged. (3) Shop In Your Community - Keep Your Money In Your Local Area: According to American Independent Business Association, 48% of each purchase made in your local independent businesses stays in your community. Also helps create more local jobs. (4) Clean Up Your Neighborhood: Start from the area around your home and then organize a community cleaning event. (5) Take Part In Your Local Political Process: Vote for local representatives. Organize around issues of community development and support the best candidate. (6) Support Community Events: Support activities like farmers market and community gardens. Engage in events that create fun and build a healthy environment in community. (7) Be Friendly: Develop better relations with neighbors and other members of the community. Introduce yourself to the new member who joins the community. Be helpful, caring and supportive to members who are in need. Read on...
Mohammad Anas Wahaj | 08 may 2016
UK-India Social Enterprise Education Network (UKISEEN), a collaborative project between IIT Madras (India) and University of Southampton (UK), funded by British Council, was recently launched in India. Prof. Pathik Pathak, Director of Social Enterprise and founding director of Social Impact Lab at University of Southampton, explains his views on social entrepreneurship education and employment, aims and objectives of UKISEEN and how India is embracing social entrepreneurship. ON SOCIAL ENTREPRENEURSHIP: 'Fundamentally, it's about using entrepreneurship and innovation to drive social change. Social entrepreneurship is important because it gives students a unique skill-set...We think that social entrepreneurship is a catalyst for producing the graduates that the world needs. This is why so many universities in India have embraced social entrepreneurship.' ON UKISEEN: 'It involves universities collaborating to understand the best practices in social entrepreneurship education and exchanging ideas. There are two levels to the collaboration - at the faculty level and student level.' ON ROLE OF UNIVERSITIES: 'Employability is all about leadership now...universities' role includes more than merely educating students. Social entrepreneurship helps students inculcate innovation and creative skills. Fundamentally, it is about problem-solving, which is what leadership is all about as well. Besides, regardless of the profession you enter, you need to be entrepreneurial.' ON EMPLOYMENT OPPORTUNITIES: 'One can go and work in the social investment space...Another indirect way is that it gives them the skills to go into the workforce and become leaders.' Read on...
Mohammad Anas Wahaj | 12 mar 2016
Gender equity and women empowerment are issues that are often discussed at various forums. Women are trying and working hard to make their mark in different fields and professions. Philanthropy and nonprofits are getting women in leadership roles. 'Inside Philanthropy' has created a separate section on their website where it exclusively covers developments related to women and girls. Recently the website listed influential women in U.S. that are making an impact by participating in various different capacities in the field of philanthropy, charity and nonprofit sector. The categorised list currently includes the following women - MEGA-DONORS: (1) Karen Ackman, Co-founder, Pershing Square Foundation; (2) Jody Allen, Co-founder, Paul G. Allen Family Foundation; (3) Laura Arnold, Co-chair, Laura and John Arnold Foundation; (4) Connie Ballmer, Chair of Philanthropy, Ballmer Group; (5) Jennifer Buffett, Co-president, NoVo Foundation; (6) Susan Buffett, Chair, Sherwood Foundation, Susan Thompson Buffett Foundation and Buffett Early Childhood Fund; (7) Priscilla Chan, Co-founder, Chan Zuckerberg Initiative; (8) Alexandra Cohen, Co-founder, Steven and Alexandra Cohen Foundation; (9) Barbara Dalio, Co-founder, Dalio Foundation; (10) Susan Dell, Co-founder and Board Chair, Michael and Susan Dell Foundation; (11) Melinda Gates, Co-chair, Bill and Melinda Gates Foundation; (12) Lyda Hill, Founder, Lyda Hill Foundation; Laurene Powell Jobs, President, Emerson Collective; (13) Laurene Powell Jobs, President, Emerson Collective; (14) Pam Omidyar, Co-founder, Omidyar Group; (15) Barbara Picower, President and Chair, JPB Foundation; (16) Lynn Schusterman, Chair, Schusterman Family Foundation; (17) Marilyn Simons, President, Simons Foundation; (18) Cari Tuna, Co-founder and President, Good Ventures; (19) Diane von Furstenberg, Director, Diller-von Furstenberg Family Foundation; (20) Alice Walton, Walton Family Foundation and Crystal Bridges Museum of American Art; (21) Shelby White, Founder and Trustee, Leon Levy Foundation. FOUNDATION LEADERS: (22) Sue Desmond-Hellmann, CEO, Bill and Melinda Gates Foundation; (23) Patricia Harris, CEO, Bloomberg Philanthropies; (24) Carol Larson, President and CEO, Packard Foundation; (25) Risa Lavizzo-Mourey, President and CEO, Robert Wood Johnson Foundation; (26) Clara Miller, Director and President, F.B. Heron Foundation; (27) LaJune Montgomery Tabron, President and CEO, W. K. Kellogg Foundation; (28) Sally Osberg, President and CEO, Skoll Foundation; (29) Judith Rodin, President, Rockefeller Foundation; (30) Julia Stasch, President, MacArthur Foundation; CORPORATE FUNDERS: (31) Suzanne DiBianca, President, Salesforce Foundation; (32) Deb Elam, President, GE Foundation; (33) Sally McCrady, President, PNC Foundation; (34) Kathleen McLaughlin, President, Walmart Foundation; (35) Kerry Sullivan, President, Bank of America Charitable Foundation; (36) Michele Sullivan, President, Caterpillar Foundation; THE CATALYSTS: (37) Laura Arrillaga-Andreessen, Founder and President, Laura Arrillaga-Andreessen Foundation; (38) Melissa Berman, President and CEO, Rockefeller Philanthropy Advisors; (39) Jean Case, CEO, Case Foundation; (40) Hillary Clinton, Former Secretary of State and Candidate for U.S. President; (41) Amy Danforth, President, Fidelity Charitable; (42) Kriss Deiglmeier, CEO, Tides; (43) Kim Dennis, President and CEO, Searle Freedom Trust; (44) Jane Greenfield, President, Vanguard Charitable; (45) Donna P. Hall, President and CEO, Women Donors Network; (46) Ruth Ann Harnisch, Founder, Harnisch Foundation; (47) Vanessa Kirsch, Founder and CEO, New Profit; (48) Kim Laughton, President, Schwab Charitable; (49) Michele Lord, President, NEO Philanthropy; (50) Teresa Younger, President and CEO, Ms. Foundation; (51) Jacki Zehner, President and Chief Engagement Officer, Women Moving Millions. Read on...
Meet the 50 Most Powerful Women in U.S. Philanthropy
Authors: David Callahan, Kiersten Marek
Mohammad Anas Wahaj | 07 mar 2016
In most organizations, CSR (Corporate Social Responsibility) is not a clearly defined strategic activity at the senior executive and top internal stakeholder level, even though a number of them have CSR and sustainability departments. According to a research study by London-based economic and strategy consulting firm, Economic Policy Group (EPG), 71% of companies in the U.S define their CSR spending as in-kind donations and free product giveaways. Another 16% define it as cash donations, and the remaining 13% as employee volunteering and giving. Large organizations often consider investments in social programs as not providing direct returns. One of the most difficult challenge for sustainability teams is to sell embedded CSR and sustainability programs internally to the top executives and senior managers and advocating that isolated initiatives like philanthropy and volunteering are not enough for corporations to be socially responsible. Organizations have to effectively integrate CSR and sustainability into the overall strategy to drive long-term growth and success. Sustainable thinking should be imbibed into corporate culture and strategic thought processes. Jeff Sutton, Vice President of thinkPARALLAX, provides 7 benefits of integrating sustainability into overall business strategy - (1) Increase in sales. (2) Innovate and differentiate. (3) Enhance and build reputation. (4) Future-proofing. (5) Recruit and retain. (6) Cut costs. (7) Unify teams and align decision making. Read on...
Securing Buy-in From the Top - 7 Benefits of Integrated Thinking
Author: Jeff Sutton
Mohammad Anas Wahaj | 12 jan 2016
According to US Bureau of Labor Statistics website (bls.gov), 1987 United Nations conference defined sustainable development as, 'Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.' A report from the National Association for Environmental Management describes sustainability as, 'Company's strategies for acting as a responsible corporate citizen, ensuring its operations are financially sustainable and minimizing its environmental footprint. Sustainability initiatives may include natural resource reduction, supply chain management, worker safety and health initiatives, stakeholder engagement and external reporting.' Sustainability professionals are often employed by companies to achieve their goals by ensuring that their business practices are economically, socially, and environmentally sustainable. Sustainability is a diverse field and to pursue right careers requires thorough search starting from CSR (Corporate Social Responsibility) or sustainability departments of corporations, nonprofit or social startups, or social impact or social consulting firms. But apart from these usual approaches, Katie Kross (Managing Director of the Center for Energy, Development, and the Global Environment (EDGE) at Duke University's Fuqua School of Business), provides some other out of the box ideas for professionals seeking sustainability careers and want to make social impact - (1) Mission-driven brand manager (2) University sustainability director (3) ESG (Environmental-Social-Governance Investing) portfolio analyst (4) CSR account executive for a creative agency (5) Post-graduate intern at an environmental NGO (6) Foundation program officer. Read on...
6 Sustainability Careers That Haven't Occurred to You Yet
Author: Katie Kross
Mohammad Anas Wahaj | 27 nov 2015
Nonprofit organizations intend to bring social change and serve communities by involving themselves in the areas of education, healthcare, environment, poverty alleviation etc. Large number of these organizations are professionally managed and utilize business practices for efficiency and effectiveness to make better impact in the society. Elizabeth Gore, Entrepreneur-in-Residence at Dell and Chair of the Global Entrepreneurs Council at United Nations Foundation, explains how working and volunteering in the nonprofit sector benefits individuals and is a viable career option - (1) Since nonprofit sector is an organized industry, individuals with an undergraduate degree in fields like business, engineering etc can pursue master's in nonprofit management and pubic policy. (2) Volunteering gets your foot on the door and provides global experience in a number of areas. (3) You don't have to build your own thing and your game changing charitable idea can be developed by utilizing the infrastructure of the existing nonprofit. It has better chance of success as there are networking opportunities in such an environment. (4) Most national nonprofits and humanitarian groups have an attractive pay structure and value talent. It would be sufficient to cover ones expenses. (5) As the nonprofit industry involves working with committed individuals, it helps in building long-term relationships and lasting friendships. Read on...
5 Surprising Things to Know About Jobs That Give Back
Authors: Elizabeth Gore, Danielle Kam
Mohammad Anas Wahaj | 21 sep 2015
The United Nations Sustainable Development Summit 2015 will be held in New York from 25 to 27 September 2015, to adopt the post-2015 agenda for sustainable development. The 2030 agenda includes 17 Sustainable Development Goals (SDGs) that will replace the eight Millennium Development Goals (MDGs) that were adopted by 193 UN member states in 2000 to root out poverty from the world. The 17 SDGs continue to build upon MDGs to end poverty alongwith fighting inequality and injustice. These goals will also include tackling the concerns of climate change, global health and hunger. Helen Clark, UNDP Adminstrator and former Prime Minister of New Zealand, says on the UNDP.org, 'World leaders have an unprecedented opportunity this year to shift the world onto a path of inclusive, sustainable and resilient development...If we all work together, we have a chance of meeting citizens' aspirations for peace, prosperity, and wellbeing, and to preserve our planet.' The 17 SDGs are - (1) End poverty in all its forms everywhere (2) End hunger, achieve food security and improved nutrition and promote sustainable agriculture (3) Ensure healthy lives and promote well-being for all at all ages (4) Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all (5) Achieve gender equality and empower all women and girls (6) Ensure availability and sustainable management of water and sanitation for all (7) Ensure access to affordable, reliable, sustainable and modern energy for all (8) Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all (9) Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation (10) Reduce inequality within and among countries (11) Make cities and human settlements inclusive, safe, resilient and sustainable (12) Ensure sustainable consumption and production patterns (13) Take urgent action to combat climate change and its impacts (14) Conserve and sustainably use the oceans, seas and marine resources for sustainable development (15) Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss (16) Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels (17) Strengthen the means of implementation and revitalize the global partnership for sustainable development. Read on...
UN Sustainable Development:
Transforming our world - The 2030 Agenda for Sustainable Development
Mohammad Anas Wahaj | 24 aug 2015
Wikipedia defines 'Social Enterprise' as, 'An organization that applies commercial strategies to maximize improvements in human and environmental well-being - this may include maximizing social impact rather than profits for external shareholders. Social enterprises can be structured as a for-profit or non-profit, and may take the form (depending in which country the entity exists and the legal forms available) of a co-operative, mutual organization, a disregarded entity, a social business, a benefit corporation, a community interest company or a charity organization.' Like any other organization the success of 'Social Enterprises' depends on variety of internal and external factors like leadership, teamwork, passion, infrastructural ecosystem, investor capital etc. Dick Gygi, a veteran social ventures leader & co-founder of 3 social enterprises, shares his experience and outlines factors essential for social entrepreneurs to lead their enterprises to success - (1) Get clear on the mission and stay mission-centered. (2) Test the business model for sustainability before you bet the farm. (3) Don't do it alone. Build a strong team and do your best. Then, delegate the rest. (4) Persevere. It takes more time and money than you think. (5) Measure desired outcomes - financial and mission impact. Read on...
Nashville Business Journal:
5 lessons learned in 10 years of leading Nashville social enterprises
Author: Dick Gygi
Mohammad Anas Wahaj | 09 jun 2015
Diversity in nonprofit boards and leadership is an essential element of governance. It helps in bringing different perspectives and expertise in the decision-making process and affects the culture and dynamics of the nonprofit boards. Team of researchers led by Professor Garry W. Jenkins of The Ohio State University undertook the study to understand the ways in which the composition of the nonprofit boards has evolved in recent years in US. They examined the biographies of governing directors in 1989 and 2014 of three sets of nonprofit organizations: major private research universities, elite small liberal arts colleges, and prominent New York City cultural and health institutions. According to Prof. Jenkins, 'The most striking finding was the sizable presence and growth on charitable boards of those whose primary professional background and skill set were drawn from the financial services industry. The tally indicates that the percentage of people from finance on the boards virtually doubled at all three types of nonprofits between 1989 and 2014.' Another important takeaway from the study is the presence of high percentage of board leadership positions from the finance sector (Liberal Arts Colleges - 44%, New York City Nonprofits - 44%, Private Universities - 56%). Prof. Jenkins while mentioning the 2012 figures for finance sector contribution to GDP (7.9%) and employment (6% of private non-farm workforce) explains, 'If nonprofit boards were composed of a representative group of people from society, one would expect trustees with a finance background to represent roughly 6 to 8 percent of board members. Instead, according to our research, trustees with professional backgrounds and skills primarily from the financial services industry represent about four times that number.' While answering about this shift in composition of nonprofit boards, Prof. Jenkins says, 'Nonprofit organizations are simply following the money. Driven by the heightened pressure and expectations to raise ever larger sums, nonprofit boards and managers are selecting new board members with an eye toward those with the greatest capacity for making "transformative gifts."' The dominance of financiers in the nonprofit boards also influences the working dynamics of the board with inclusion of specific practices, approaches and priorities (Data-driven decision making; Emphasis on metrics; Prioritizing impact and competition; Managing with 3-5 years horizons and plans; Advocating executive-style leadership; Compensation etc). Although these practices do have benefits for nonprofits, but at the same time too much financial and business-like emphasis in the functioning of the board may have adverse impact on charitable goals and objectives. For the long-term success and effectiveness of the nonprofit boards the need would be to balance the composition of the board with inclusion of individuals that have expertise and skills in different fields alongwith consideration of racial and gender diversity, minority representation etc. Read on...
Mohammad Anas Wahaj | 06 jun 2015
The relationship between the management and the nonprofit board requires an optimum balance for better performance. Management has more information, thus giving them more power, in the functioning of the organization. However to stay relevant and effective, volunteer board members need to be proactive in seeking the information not only from the management but also from the other sources. There can be adverse consequences for the organization if the board members fail in this regard. Professor Eugene Fram of Rochester Institute of Technology, suggest steps to prevent management from overriding the board - Develop an understood difference between the policy/strategy development and managing organizational operations; Governance focus; Better collaboration and communications. Read on...
Can Nonprofit Management Usurp Board Responsibilities?
Author: Eugene Fram
Mohammad Anas Wahaj | 15 may 2015
Chairman of a nonprofit board has a leadership position and the board's success depends on the capabilities and skills that he/she demonstrates while providing guidance and direction in critical areas. Jay Love, co-founder and CEO of Bloomerang, provides a selective list of 8 attributes of the chairman that have the largest impact on the success of the nonprofit board - (1) Personal Commitment to the Nonprofit (2) Exude Enthusiasm (3) Ability to See the Big Picture (4) Is Not 'Over' Committed (5) Relationship Magician (6) Results Oriented (7) Huge Rolodex: Knows Most People and the Right People (8) Existing Mutual Respect with the CEO/Executive Director. Read on...
Business 2 Community:
8 Attributes Of An Outstanding Nonprofit Board Chairman
Author: Jay Love
Mohammad Anas Wahaj | 30 apr 2015
According to the new research by Eduserv, 'Creating The Right Environment for Digital Transformation', most charities are aware of the importance of IT and digital transformation to improve the way they deliver services and engage with their volunteers. But there seems to be lack of clarity about how they will implement and accomplish this. Report observed three challenges that charity leaders are facing while driving digital transformation - (1) Strategy and Knowledge Gap: Many of those at the top of charities have yet to grasp that digital transformation is not about using technology or digital platforms to replicate existing activities but about fundamental transformation of the way charities go about doing their business. (2) Structure: Delivering on the needs of the digital-first charity requires different ways of organising and managing teams. Most charities are still relying on old structures and working relationships. IT and digital are failing to add value because they are seen as service providers and support functions rather than business partners. (3) Infrastructure: Charities are not only failing to put in place the right IT platforms but they are failing to invest in people with the right skills to support their digital future in their IT teams. To overcome these challenges, charities can do the following - (1) Embed digital capability at the top of organisation's leadership, so that digital is embedded at the heart of a charity's strategic thinking. (2) Build a digital-first culture throughout the charity. It is not realistic to expect digital and IT teams to drive change from the margins as support functions. Invest in IT and digital skills and tools. Read on...
Digital transformation - the pressing three priorities for charities
Authors: Chloe Green, John Simcock
Mohammad Anas Wahaj | 27 apr 2015
According to the American Enterprise Institute, social enterprises 'differ from typical government programs in that they are a business, usually operated outside of government, with a concern for the bottom line. They are typically started by people who want to make a difference in society by helping others.' The new study by Mathematica Policy Research states that social enterprises might be one part of the answer to combating poverty in the United States. The research evaluated social enterprises in California and found these public/private businesses increased employment, decreased dependence on government and increased the likelihood individuals had stable housing. Read on...
Social Enterprises - A Solution to Employing the Hard-to-Employ?
Author: Nick Novak
Mohammad Anas Wahaj | 25 apr 2015
The survey of 924 nonprofit board directors conducted by team of researchers (David F. Larcker, William F. Meehan III, Nicholas Donatiello, Brian Tayan) from Stanford Graduate School of Business supports a long-held hypothesis that many nonprofit boards are ineffective. The study revealed that a significant minority are unsure of their organization's mission and strategy, dissatisfied with their ability to evaluate their organization's performance, and uncertain whether their fellow board members have the experience to do their jobs well. According to Prof. Larcker, the lead researcher, 'Our research finds that too often board members lack the skill set, depth of knowledge, and engagement required to help their organizations succeed.' Researchers offer following recommendations to improve nonprofit board governance - (1) Ensure the mission is focused, and its skills and resources are well-aligned. (2) Ensure the mission is understood by the board, management, and key stakeholders. (3) Establish explicit goals and strategies tied to achieving that mission. (4) Develop rigorous performance metrics that reflect those goals. (5) Hold the executive director accountable for meeting the performance metrics, and evaluate his or her performance with an objective process. (6) Compose your board with individuals with skills, resources, diversity, and dedication to address the needs of the nonprofit. (7) Define explicitly the roles and responsibility of board members. (8) Establish well-defined board, committee, and ad hoc processes that reflect the nonprofit's needs and ensure optimal handling of key decisions. (9) Regularly review and assess each board member and the board's overall performance. Read on...
Stanford Research Offers Nine Tips to Improve Nonprofit Governance
Author: Heather Hansen
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