BDO FMA is proud to have been a part of a two-year collaboration involving five leading foundation presidents who have agreed to apply a menu of solutions to pay grantees’ true costs.
“It’s no secret that nonprofits…often scramble to close the gap between the grants they receive and their actual costs of operations. Despite widespread awareness of this “starvation cycle,” funders have been reluctant to address the issue head-on—until now…”
A brand new series of articles about the project–from the varying perspectives of funders, grantees, and intermediaries–was published this week at The Chronicle of Philanthropy. Hilda Polanco’s characteristically practical contribution was authored with Andrea Wilson of BDO.