Giving Compass' Take:
- Rusty Stahl interivews Bipasha Ray and Joey Lee about the role of funders in supporting new executive directors to improve nonprofit organizations.
- How can you better support nonprofit leadership and staff?
- Read more about talent investing to help nonprofits achieve their missions.
What is Giving Compass?
We connect donors to learning resources and ways to support community-led solutions. Learn more about us.
In this episode, Season 3 Episode 2 (S3 E2) "Investing in New Executive Directors, Part I," we speak with the Open Society Foundations (OSF). You'll gain valuable insights from a major funding institution about why they believe it’s important to invest in the nonprofit workforce by supporting new executive directors. You'll hear about important research on the value of investing in new executives from a new OSF report that draws upon the experiences and voices of hundreds of new E.D.s. This is a resource that you can use with your funders, your board, and others.
The issue of healthy executive transitions was important before 2020, and it's even more important now, as diverse new executives are hired into challenging pandemic workplaces. Executive transitions are a crucial inflection point for new managers, organizations, staff teams, board members, and supporters involved in the process. And, perhaps most importantly, they also impact the communities who rely upon organizations for services.
As more organizations hire “historic firsts” – women, people of color, LGBTQ people -- as their top executives, too many of these leaders are unintentionally being "set up to fail", rather than supported to succeed. Funder practices can be part of the solution, or part of the problem. So having a major funder like OSF become part of the solution in a very public way is important progress, and it’s something you can leverage in your own talent-investing efforts!
Read the full article about investing in E.D.s by Rusty Stahl at Fund the People.