When talking about the Capitalism for Good project, I often get recommendations for nonprofit organizations, companies with give-back programs & associated foundations, and community-based companies focused on serving a specific underserved population. These are great! I’ll be highlighting some of these in future interviews with business leaders because I truly want to promote those that are focused on the greater good. These organizations aren’t the only ones that have the ability to do so though. In this episode, I focus on clearing up some misconceptions around these organizations, bring in government organizations to the conversation, and explain how the context, functionality, and details of how organizations operate are key to achieving higher rates of effectiveness and efficiency. Specifically focusing on the desire to use both donations and taxpayer dollars to “directly serve clients” and when this phrase all too often does the exact opposite watering down the ROI of that donation or taxpayer dollar. This is a lesson in overhead rates and indirect cost rates as well as how nonprofits can increase the ROI on clients served by looking beyond commonly thought of “direct costs.”References: NOT-OD-25-068: Supplemental Guidance to the 2024 NIH Grants Policy Statement: Indirect Cost Rates, IDC = Indirect Costs, ROI = Return on Investment, KY IEP Advocate’s All Things Special About Education podcastWhat I'm reading: Revenge of the Tipping Point by Malcom Gladwell because its (and The Tipping Point) examination of examples of when a tipping point was reached to make a change in our world, both positively and not-so-positively. I'm not telling you what to do, but here's where I'm putting my dollar: travel is a priority to budget my time and money because it fills my cupEarly and bonus shows as well as curated discussions and merch are available on Patreon.Instagram | Company Mentions | BioSite (with links to listen & more) | TranscriptsWe love small businesses, local businesses, those run by underrepresented leaders, those supporting other businesses, folks making against the grain decisions, sustainable business, ethical businesses, businesses prioritizing quality and curated experiences, and businesses that encourage your to practice intentional consumerism.Between the Interviews | Bittersweet Paradox | Capitalism for Green | Company Mentions Hosted on Acast. See acast.com/privacy for more information.

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