Historically, big bets have been critical to many of the nonprofit sector’s biggest success stories. Take Julius Rosenwald’s big bet in the early 1900s to close the gap in educational opportunities for African American children in the southern United States. Along with Booker T. Washington, Rosenwald built a network of schools that helped close the racial gap in years of school completed from three years to half a year by 1940.

Read the source article at The Bridgespan Group