Non-profits as we have known them for the past few decades are soon becoming obsolete. With the emergence of social entrepreneurship and technological advancements such as crowdfunding, the field of non-profits has become a viable career option for young entrepreneurs to tackle global social issues by using innovative and non-traditional operating models. Likewise, philanthropy, their main source of funding, also must adapt to the times. The traditional methods embraced by philanthropists and foundations that are often marred with bureaucracy no longer serve the demands of the 21st century non-profits. They need to shift from conventional program-oriented and aid-based funding to capacity-building investments and grants, enabling non-profits to innovate and achieve sustainability.
Posted on: Mon, 22 Sep 2014 22:04:38 +0000
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