Alice Korngold

November 15, 2009, Fast Company Now more than ever, individuals, corporations, and foundations want to make informed choices when they make financial contributions to nonprofit organizations. And people want to volunteer where their time and talents will be put to good use. So how do you know which organizations to support?

With corporations, community and private foundations, and individuals focusing donations to more specific areas, and the push for increased accountability and measurement systems, nonprofits are strapped with strategic and financial challenges that require skills more often exercised in for-profit businesses. That according to Alice Korngold, national consultant to businesses, foundations and nonprofits, and founding president and CEO of Business Volunteers Unlimited, which places business executives on nonprofit boards. While nonprofits take on more business-like practices requiring expertise in strategic and financial planning, market research and human-resource management, businesses are encouraging employees to volunteer.

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