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When you think of the fastest-growing segments of the US economy, cybersecurity or data science come to mind.
But "to my astonishment, nonprofits are the fastest growing sector," writes David Meyer in the Atlantic.
"Not just nonprofit hospitals or nonprofit colleges and universities, but 501(c)3sorganizations that are supposed to provide a public benefit, including foundations, charities and social service organizations such as housing providers and shelters, social justice advocacy groups, and youth development organizations."
Today, the US has 1.5 million nonprofit organizations employing about 10% of the workforce, making them the country's third-largest employer, behind retail sales and manufacturing, and ahead of finance, professional services, transportation and warehousing, and the federal and local governments.
One reason nonprofits have grown faster than any other sector: Because they fill essential gaps in the social safety net, politicians outsource many governmental functions to nonprofits and, in the process, undercut government's internal capacity."
Many of today's nonprofits are run by boards of directors that are not accountable to their membership or chapter.
"Stakeholders cannot vote out a board or elect new directors," Meyer writes.
"Insulated from market pressure and public oversight, board-only nonprofits are free to wander off into wacka
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Haril Kazindra and wife Andrea are the co-founders of Musana, a community development NGO that runs 19 social enterprises across Uganda.Musana has offices in Denver and London and employs 700 staff,...more
Foundation: Lilly Endowment
All In Kosciusko exists to promote and accelerate the economic and community development already happening across the county.Concerns about economic diversification, talent retention and quality of...more
The Bill Gatton Foundation supports K-12 and higher education, health, and community development in Kentucky, Upper East Tennessee, and Southwest Virginia.Large education grants include $13.5 million...more
Local organizations win $9 million for new affordable housing, social services.Connecticut's Community Investment Fund grants come amid a deluge of cuts to federal funding.The fund was established in...more
Foundation: Parasol Tahoe Community Foundation
Parasol Tahoe Community Foundation has proudly supported Bread & Broth for the past 10 years.In 2024, the Community Foundation was able to introduce the mission of Bread and Broth to a donor who is...more
Foundation: Latino Community Foundation
Latino Community Foundation Awards $3.88M in Grants Across California and Nevada.NewsBreak: Latino Community Foundation awards $3,000,000 in grants across California andNevada.Newsbreak: $1.5 million...more
Alejandro Betancourt Lopez rejects traditional corporate social responsibility models that separate business operations from community impact.Rather than limiting community engagement to corporate...more
Thoughtful giving isn't just about making a donation, it's about creating meaningful impact.Community foundations exist to connect generosity with need, ensuring that charitable giving is both...more
Kareem Thomas most recently served as Chief Credit and Lending Administration Officer at Reinvestment Fund.Bhavani Daryanani has more than 20 years of experience in the sector, bringing deep...more
SECU Foundation has been named a recipient of the 2024 Carolinas Credit Union Foundation Hero Award for Partner in Philanthropy.The SECU Foundation promotes local community development in North...more
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