Monday, July 19, 2010
During the current recession, several grantmakers have decided to fund larger and more-established nonprofits, rather than invest in newer, smaller, and “riskier” ones. In our latest blog post, Miguel Bonilla, the Director of Strengthening New York City Nonprofits at the United Way of New York City, argues that it is exactly during times like these that foundations should embrace a culture of risk-taking, and that at some point in their existence, even the most widely recognized nonprofits needed someone to take a chance on them.