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Nov 26
2009
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Not-For-Profit Vs. Non-ProfitPosted by: Ray Miller in Articles |
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As we enter the holiday season, I thought that I would address not-for-profit organizations.
Ever wonder why so many not-for-profit organizations struggle? The number one reason is that they think that they are a non-profit organization. There is a difference. While they both are focused on accomplishing a particular civic or charitable mission, the not-for-profit functions like a business.
A not-for- profit knows and acts like it needs to make a profit in delivering the mission of the organization. A non-profit thinks and acts like it is not supposed to make any money. What’s the result of these different philosophies? The not-for-profit makes money that enables it to grow and further deliver on its mission. The non-profit struggles to maintain the status quo and often disappears. If you were a philanthropist, how would you want your organization or foundation operated?
