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Word: nonprofitability (lookup in dictionary) (lookup stats)
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...percentage of M.B.A.s going straight into the nonprofit sector remains in the single digits--after all, student loans are much easier to pay off with a for-profit salary. And, says Greg Dees, faculty director of Duke University's Center for the Advancement of Social Entrepreneurship, "many students, if they heard 'nonprofit management,' would be thinking about running a museum, a hospital. That's not what excites them. What excites them is finding innovative entrepreneurial solutions to social problems...

Author: /time Magazine | Title: Philanthropy: Meet the Hard-Nosed Do-Gooders | 12/11/2005 | See Source »

...years ago, most new hires in the nonprofit world were graduates of schools of social work, public policy and liberal arts. Today, in an era of dwindling government grants--not to mention increased scrutiny of nonprofits' business practices--many charitable organizations are looking for people committed not just to the cause but also to cost-benefit analyses and earned-income strategies...

Author: /time Magazine | Title: Philanthropy: Meet the Hard-Nosed Do-Gooders | 12/11/2005 | See Source »

Business schools are responding. According to the 2005 Beyond Grey Pinstripes survey of business schools, the number of core courses with nonprofit-related content has more than doubled, from 10 to 21, at the 49 schools that have participated since 2003. The number of electives with a social or environmental focus-- including courses that explore entrepreneurial solutions to social problems--has almost tripled among the 24 schools that have participated in every survey since 2001, from 137 to 468. Net Impact, a global network of M.B.A. students, graduates and professionals trying to find business-based solutions to change the world...

Author: /time Magazine | Title: Philanthropy: Meet the Hard-Nosed Do-Gooders | 12/11/2005 | See Source »

Enter a different breed of M.B.A.: social entrepreneurs like Priya Haji, 35, Siddharth Sanghvi, 30, and David Guendelman, 28, who last year founded the giftware company World of Good. A for-profit, socially responsible start-up that makes grants to a nonprofit sister organization, World of Good has impressed venture capitalists who usually put their money into the latest technological innovation. But the business plan put forward by the Berkeley M.B.A.s--which won this year's Global Social Venture Competition--has VCs convinced that there's also money to be made from handmade silk scarves, woven bags, beaded jewelry and "nonviolent...

Author: /time Magazine | Title: Philanthropy: Meet the Hard-Nosed Do-Gooders | 12/11/2005 | See Source »

...remuneration as CEO of the Nature Conservancy, the world's largest environmental charity--at $275,000 plus health and retirement benefits--might even have seemed inadequate. With operations in 28 countries and claims of having nearly a million members, the Conservancy that McCormick was running was, after all, the nonprofit equivalent of a multinational. But it turned out that McCormick had also received a $75,000 sign-on bonus, $75,000 to cover living expenses, a $1.7 million loan to buy a new house and a no-strings-attached discretionary fund to use toward finishing pet projects...

Author: /time Magazine | Title: Philanthropy: Charity Fat Cats | 12/11/2005 | See Source »

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