Philanthropists often devote a lifetime of passion and resources to the causes about which they care. But with more than 1.5 million U.S. nonprofit organizations, duplicative efforts are unfolding with far less emphasis on organizational sustainability or succession planning. Some battle Founder's Syndrome, while others are chronically underfunded. In short, the time is ripe to foster a new collaborative framework.
- What specific strategies can philanthropists use to plan for their absence and focus on long-term planning and leadership succession?
- How can the original vision of a core founder be maintained and honored, while also expanded upon?
- Does every organization need to exist independently? When should an organization partner -- or even merge -- with an entity with a similar mission?
President and Chief Operating Officer, Milken Institute