Failing to Govern?
The disconnect between theory and reality in nonprofit boards, and how to fix it
Last September, the board of the Beard Foundation took a lashing when the New York Times broke the story of the foundation’s inability to account for hundreds of thousands of dollars in annual revenue. The prestigious culinary institute, founded by Julia Child, had $4.7 million in revenues in 2003, and gave out only $29,500 in scholarships. “Whatever they [the board] did or didn’t know and did or didn’t do themselves,” said Corby Kummer, a prominent food writer, to the New York Times on Dec....
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