The Groundwork for Successful Cohort- Based Fiscal Capacity-Building: An Evaluation of the Strengthening Financial Management Initiative
This article is based on the findings of an evaluation of The Wallace Foundation’s Strengthening Financial Management initiative, which show that it is possible, with well-designed training and support, to enhance the ability of nonprofit leaders to strategically manage their resources for long-term sustainability and programmatic quality.
The initiative tested two models of capacity building – a relatively high-intensity approach and a lighter, though still substantive, model. While the two shared a common core of content, the amount of resources provided in each of the two models was dramatically different.
In addition to the two main findings – that building nonprofit financial-management capacity is possible and that the gains arising from the more limited model were comparable to those seen in the higher-intensity approach – the study uncovered some key success factors with clear implications not only for potential replications of this type of project, but for cohort-based, nonprofit capacity-building efforts more broadly.
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Devine, N. (2016). The Groundwork for Successful Cohort- Based Fiscal Capacity-Building: An Evaluation of the Strengthening Financial Management Initiative. The Foundation Review, 8(1). https://doi.org/10.9707/1944-5660.1282
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