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RE: Nonprofit Mismanagement: Financial Literacy Does Not Equate to Good Financial Leadership
I think that's very fair to say. You might even go so far as to suggest that the very institutions created to address problems sometimes spend time and money in self preservation. And boards justify that action as "fiduciary responsibility."
But other times that isn't the case and the nonprofit system works like a charm.
What the difference between the two? The right amount of vision, leadership, capacity and - most important of all - the right amount of money.