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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Support for this open access article is provided by The Wallace Foundation.