Giving Compass’ Take:
• Mike Cadigan describes how he utilizes his skills as a business board member to help nonprofit boards re-evaluate their governance and make sound decisions for their organizations.
• How can more nonprofit organizations connect with corporate professionals to gain expertise? Can donors help nonprofits make these types of connections?
Mike Cadigan and his wife Kathy frequently gave to their church, but with three children and business to run, there was little time to volunteer, let alone figure out a strategic giving plan. Then about three years ago, Mike decided to step back from the day-to-day operations of his company and try something different.
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“I have the opportunity to be strategic about what I can uniquely bring to nonprofits,” says Mike. “I think it would take a lifetime to recreate that without SVP.”
Many nonprofit (and for-profit) board members don’t fully understand their organization’s financial state – causing them to miss warning signs, or to be unnecessarily cautious. By creating a simple, visual framework for financial reporting, Mike translates rows of daunting numbers, helping nonprofit boards make more informed decisions.
Mike’s company acquires mid-sized businesses and helps take them to the next level. It’s easy to see the parallel with SVP’s work with nonprofits, but after a few SVP workshops, Mike also recognized some key differences.
Read the source article about helping nonprofit organizations at Social Venture Partners
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