Encore Fellowships Help Execs Switch to Nonprofit Work

Trading a corporate job for a position in the nonprofit world often takes more effort than submitting a resume to your favorite charity. Philanthropic institutions operate in an entirely different universe, one with its own culture, vocabulary, tax codes and challenges. Goodbye, stockholders. Hello, benefactors.

The lure is strong for boomers like John Armstrong (shown on the left), who wanted to spend his work days making not just an income, but also a difference.