Equipping nonprofits to advance social change

Tag: Finances

Kim Klein and the Commons: Financial Literacy is a key to reform

According to a study commissioned by the National Council on Economic Education, only 7 of the 50 United States require high school students to received financial education in the schools. I bring this up because I am constantly puzzling about how to make taxes seem interesting to people and I think part of the problem is that most people understand very little about their own finances, and asking them to understand the various kinds of taxes attached to almost every financial transaction is just beyond the realm of possibility. Without robust, vibrant, knowledgeable debate about taxes and tax policy, we will stay a nation that claims to believe in equality, but in practice implements systems that on a daily basis make a minority of people richer and richer and the majority poorer and poorer. Financial literacy may be the needed first step for any real meaningful reform...

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An Interesting Article in the NY Times on Financial Health of Nonprofits

“The financial health of the nation’s nonprofit groups is rapidly deteriorating, according to a survey of some 900 nonprofit leaders around the country. Only 12 percent of those organizations expect to end the year with an operating surplus, compared with 40 percent who ended their most recent fiscal years with money on... more