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Mike Burns's Blog – September 2015 Archive (3)

Nonprofit Board Fiduciary Duty of Care

The following Wall Street Journal article is about a lot of topics in the nonprofit governance world. I thought framing my own thoughts around a nonprofit board's fiduciary duty of care to be one area of focus but beyond this subject is a rarely displayed "what can happen" when there's a new chair "in town" and when there are questions of competency (re paid staff) and transparency (financial and program) and the board's own fulfillment of its duty to provide complete oversight. Certainly…

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Added by Mike Burns on September 22, 2015 at 8:22am — No Comments

Nonprofit Governance and the Law

In one of those "render under Caesar" (check your New Testament for greater understanding) and what appears to be a NIMBY challenge, the Tampa officials are basically on-attack of a homeless shelter that by many standards, appears to be doing its job--providing shelter to the homeless of Tampa. But it's clear from the Tampa Tribune article, that not everyone is pleased with the job the Shelter is doing and for the moment, using the courts and law enforcement to solve their perception of the…

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Added by Mike Burns on September 11, 2015 at 3:38am — No Comments

Nonprofit Sustainability Strategies

For a growing nonprofit with a small board, those interested summer students are a crucial revenue stream. And getting the Academy’s studios ready by the first day of the program was imperative.

“We don’t have board members donating $100,000,” said board chair Andre Tchelistcheff, an architect who led the renovation. “The school is financially viable.”

These three sentences in a Wall Street Journal article on the Gelsey Kirlkland Academy's new space and future highlights that…

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Added by Mike Burns on September 4, 2015 at 8:09am — No Comments

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Open Street Project

Local Initiatives Support Corporation

Laying the Cash Tracks for Community Impact

LISC CFO Christina Travers is among the impact investing leaders who contributed commentaries to a new book, The Social Justice Investor, and joined a panel discussion at today’s book launch. In her essay, “Laying the Cash Tracks,” (reprinted here) she explains the evolution of LISC’s capital markets experience—noting how discouraging Wall Street conversations eventually led to transformative, community-focused investments.

Sharing the Story of Social Justice Investing

With the launch of the new book, The Social Justice Investor, LISC’s Christina Travers reflects on the ways that CDFIs have tapped the capital markets to deepen their impact—working to upend lingering misconceptions among some investors. "Whether we are financing affordable housing, small businesses, health, safety, climate resilience, racial equity or jobs, we see financial performance and local impact as part of the same whole."

EPA Awards GRID Alternatives Solar for All Grant

LISC partner GRID Alternatives has been awarded a $249,800,000 Solar for All grant from the EPA to advance renewable and clean energy sources for affordable housing communities across the country. “The grant is an incredible boon to the movement to decarbonize homes and lower energy costs that burden millions of everyday Americans,” said Michael T. Pugh, president and CEO of LISC.

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