2001 – There is a widely held misperception that not-for-profit organizations are not held to the same “bottom line” accountability as their counterparts in the corporate sector. In fact, the exact opposite is true. Think about it. Do you really think that millions of private contributors demand any less accountability than individual shareholders? Or that corporate underwriters pay less attention to the non-profit they support than an institutional investor does? Or for that matter, that non-profits have fat budgets that don’t require careful management?
