Shaking up non-profits
I have written about this before. Non-profits such as museums and parks have to start to think about how they can be an organizations that at least can break even. The slog of raising huge sums of money every year to stay afloat is just not sustainable.
As pressure grows from the crowd organizations are losing top dollars by stepping away from what is perceived as “blood” money. The Sackler family is top of the list. This is not changing.
There was a huge piece in the NYTimes about this issue. Organizations need to rethink how they operate. They have to stop operating in a vacuum believing that there will always be another pot of cash to tap into. Stop thinking short term cash to make it through the year and start thinking long term ways to be more efficient and create a revenue stream. This is for museums and parks not necessarily small impact oriented non-profits although being efficient should be high on their list.
Darren Walker said it best. “We need to define trusteeship beyond people of financial wealth. Expand the number of board members and bring in people with other assets besides money that the museum needs. What’s interesting to me is the lack of energy, focus and creativity to figure this out.”
I have been talking about this for years. I am not sure what more needs to happen for museums to start realizing that times are not only changing the time is now. I agree wit Darren…the lack of creativity around this is mind boggling. How low does an organization have to go to realize that the golden handcuffs way of life is over?