22
2014
The New Role – Will Our Sector Lead?
The number of challenges to the nonprofit sector, what I call the civil benefit sector, is increasing at a rather rapid rate. What the economists characterize as the “failures of the market” are under increasing pressures to be something else. At heart, we are the embodiment of the noble American traditions of collective action for the common good. We always cite the neighbors who bring the lumber and the lunch to rebuild the barn. Toqueville recognized a good thing. What we symbolize is the great stream of generosity toward others, of mutual help, of teaching our neighbors “to fish,” rather…
14
2013
To B or Not to B?
A Post by James V. Toscano The B Corp is emerging as an innovative way to use the power of a business model and the market to help impact the major societal problems of our times. The B Corp may emerge as an alternative or a complement to much of the work being done now by the nonprofit sector. Time will tell how they are perceived, although both options are obviously important and both should prosper. There is room for both and more. The idea is certainly welcome. For years, I have been railing about our sector calling itself “non-profit,” one of…
16
2012Ten Predictions for the Nonprofit Sector in 2013
A post by James V. Toscano 1. As traditional sources of gifts and grants plateau, nonprofits will increasingly turn to new and alternative sources of revenue, including social entrepreneurship, cause marketing, and for-profit subsidiaries. Pay for performance, in many forms, will be an emerging methodology for payment by government and other funding groups. 2. The total number of nonprofits will increase year over year, as will the number of mergers and acquisitions among existing nonprofits. 3. Of those retiring Boomers from the business world and others who want to benefit society, some will choose to start B-corporations, which are double…
29
2012
What Would Adam Smith Say?
A post by James V. Toscano The headline reads: “A Scoop of Social Responsibility: Ben and Jerry’s the B Corp” The NonProfit Quarterly’s Nonprofit Headlines goes on to report that Unilever’s Ben and Jerry’s Ice Cream Company is the first sub of a publicly traded corporation to be certified as a B corporation. And what is a B Corporation? The B Corporation website is quite explicit: “B Corp certification is to sustainable business what Fair Trade certification is to coffee or USDA Organic certification is to milk. B Corps are certified by the nonprofit B Lab to meet rigorous standards of…