Miller – Hidden in Plain Sight: Understanding Capital Structure

Miller, C. (2003). Hidden in Plain Sight: Understanding Capital Structure. Nonprofit Quarterly, Spring 2003. In this contribution for Nonprofit Quarterly, Clara Miller discusses the capital structure of nonprofits. She discusses how core business is different from programs, how donations can be restricted, and much more. A very insightful primer on different types of capital in […]

Gregory & Howard – The Nonprofit Starvation Cycle

Gregory, A.G., & Howard, D. (2009). The Nonprofit Starvation Cycle. Stanford Social Innovation Review, Fall 2009. In this classic article, Gregory and Howard argue that funders have unrealistic expectations of the costs of running a nonprofit. Because nonprofits tend to underreport actual costs, funders’ unrealistic perceptions are reinforced, leading to a vicious cycle in which […]