A Nonprofit Goes for Broke
Resource type: Case Study
McKinsey & Company |
The decision by The Atlantic Philanthropies to spend down its endowment offers strategic, operational and organisational lessons for any foundation or comparable institution that is considering transformative change, according to this case study by McKinsey & Company.
The organisational challenges stemming from the decision by Atlantic to spend down its endowment proved daunting and ultimately affected everything from Atlantic’s choice of grantees to the kinds of people it employs. Atlantic’s story offers strategic, operational, and organisational lessons for any foundation or comparable institution that is considering transformative change.
For full text of the report click here (registration required): McKinsey Quarterly–A Nonprofit Goes for Broke