Financial Services Field Could Disrupt Philanthropy, Warns Community Foundation President
Thursday, February 16, 2017
Posted by: Amy Seasholtz
READING, PA (February 15, 2017) – The Council on Foundations has published a paper by Berks County Community Foundation President Kevin K. Murphy on how changes in the local financial services field may force some nonprofit organizations to alter their business models.
A print copy of the paper – called “Community Foundation Business Model Disruption in the 21st Century” – was mailed to numerous community foundation leaders around the world who are members of the Council, a nonprofit leadership association of foundations and corporations.
Download the paper here.
Murphy began work on the piece when he spent August 2017 as the Council’s first Foundation Leader in Residence at its headquarters in Arlington, Va.
In her introduction of the paper, Vikki Spruill, president and CEO of the Council on Foundations, wrote:
Kevin offers a strong rationale for an alternative to the traditional view of asset growth. With over two decades of experience leading a community foundation, he sees how changes in the local financial services field may force some organizations to alter their business model in fundamental ways. In his thoughtful paper, he demonstrates that a new narrative is possible around growth. These strategies will need to be flexible, and they also need to evolve.
To ensure an immersive and meaningful dialogue around the contents of this paper, the Council is hosting a series of conversations for community foundation leaders to share reactions and discuss a new narrative for community foundations:
- February 14 – Special Convening at Knight’s Media Learning Seminar (Miami)
- February 23 – Convening at IU Lilly Family School of Philanthropy (Indianapolis)
- March 20 – Plenary and concurrent sessions at AdNet’s Conference (Memphis)
- April 26 – Concurrent Session at the Council’s Annual Conference (Dallas)
Berks County Community Foundation is a nonprofit corporation that serves as a civic leader for our region by developing, managing and distributing charitable funds aimed at improving the quality of life in Berks County. More information is available at www.bccf.org.