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Creating Corporate Social Responsibility for the Nonprofit Sector

In the private sector, profit maximization has historically been the most important figure to measure success, yet in recent years there has been a nascent but powerful movement that also measures environmental and social implications. This approach to business has been popularized as “corporate social responsibility” (CSR) and is becoming more structured and legitimized with third party certifiers. Meanwhile the nonprofit, or plural sector, lacks a similar framework that allows donors to better understand business ethics.

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Roses Must Be Tended: The Sweet Briar College Case

On March 3, 2015, the Sweet Briar College Board of Directors announced that the college would cease its operations, due to “insurmountable financial challenges.” This announcement came as a shock to most alumnae—the 114-year-old women’s college had an endowment of $84 million, and the Board had done nothing to signal that the financial situation was… Read more »