CEOs plan to exit nonprofits but few tell boards
Nearly one in three nonprofit CEOs in North Carolina plan to leave their jobs in the next two years, but only three in 10 of those who plan to leave have shared their plans with their boards of directors, a new report says.
Based on a survey of over 640 CEOs by the North Carolina Center for Nonprofits, the report says 67 percent of their nonprofits lack an emergency back-up plan in case of a short-term absence by the CEO, and 71 percent do not have a written, board-approved succession plan for the CEO position.
Among nonprofit CEOs who plan to leave, the report says, 37.1 percent say they are departing because want to retire; 29.5 percent say it’s time to leave; 18.6 percent say the support they get from their board, or the board’s performance, are inadequate; 13.9 percent say their salary or benefits, or both, are inadequate; and 13.3 percent say they are tired of raising funds.
The report, Countdown to the Inevitable: North Carolina Nonprofit CEOs in Transition, shows the need for boards to “embrace their governance responsibilities around succession planning and execute them in partnership with the CEO as a component of sound risk management and effective planning,” the Center says in a statement.
The report also “shows the need for North Carolina nonprofits to reach out to a more diverse pool of individuals — specifically around race, ethnicity and age,” the Center says.
Wealthy individuals give and volunteer at higher rates
Ninety-one percent of high-net-worth households donated to charity last year and 50 percent volunteered, compared to 59 percent of the U.S. general population who donated to charity and 25 percent who volunteered, a new study says.
The 2016 U.S. Trust Study of High Net Worth Philanthropy is based on a survey of 1,465 U.S. households with net worth of $1 million or more, excluding the value of their primary home, or with an annual household income of $200,000 or more, or both.
Fifty-five percent of wealthy individuals plan to give as much in the next three years, through 2018, than they have in the past, while 28 percent plan to give more, with women, African Americans and individuals age 50 or younger more likely to increase their giving.
Among wealthy individuals who volunteer, 60 percent plan to volunteer as much over the next three years and 30 percent plan to volunteer more, while 39 percent of those who did not volunteer last year plan to in the future.
Forty-five percent of wealthy individuals believe charitable giving has the greatest potential for positive impact on society and 31 percent believe volunteering has the greatest potential impact, compared to 13 percent who say voting has the greatest potential and one percent say contributing to a political candidate who shares their ideals on topics important to them has the greatest potential.
Cone Health Foundation giving $4.8 million
Cone Health Foundation in Greensboro is giving nearly $4.8 million grants to 42 area nonprofits.
The grants support agencies working in the Foundation’s four grantmaking focus areas, including access to health care, adolescent pregnancy prevention, HIV/AIDS, and substance abuse and mental health, while some fall outside those categories and support community collaborations.
The median award was $122,000, and 42 percent of grants support access to care.
Since 1997, the Foundation has awarded over $82 million through 1,423 grants and contributions.
Community Health Clinic opening new facility
Charlotte Community Health Clinic will open a new facility, CCHC-West, on November 1 at 5301 Wilkinson Blvd. on the Leon Levine Opportunity Center on the new Goodwill Opportunity Campus.
EnergyUnited giving $40,000 to teachers
EnergyUnited in Statesville is awarding over $40,000 in education grants supporting innovative classroom projects to 47 teachers in nine of the 19 counties its serves.
ITG giving $25,000
ITG Brands in Greensboro is contributing $25,000 to the American Red Cross to help aid victims of Hurricane Matthew.
United Way gets $25,000
United Way of Greater Greensboro received a $25,000 grant from the Women to Women Fund of the Community Foundation of Greater Greensboro and will use the funds to increase the number of participants in the general-education-development, or GED, program at its Family Success Center.
Piepenbring retiring at Duke Endowment; Hollowell named VP
Mary L. Piepenbring, vice president of The Duke Endowment in Charlotte and director of its Health Care program, will retired at the end of 2016.
Linwood B. Hollowell III, associate director of the Health Care program, will succeed her.
Novels joins North Carolina Community Foundation
Quinn Novels, former relationship manager for United Way of the Greater Triangle, has joined North Carolina Community Foundation in Raleigh as regional director for the Northern Piedmont.
Denny joins Rex Endowment board
Heather Denny, president and CEO of McDonald York Building Company in Raleigh, has joined the board of directors of the John Rex Endowment in Raleigh.
Cone Health Foundation adds board members
Cone Health Foundation in Greensboro added four new members to its board of directors, which also elected board officers.
New members are Omar H. Ali, interim dean of Lloyd International Honors College and professor of comparative African diaspora history at the University of North Carolina at Greensboro; the Rev. Ches Kennedy, pastor of Emerging Ministries at Congregational United Church of Christ and director of development for the College of Arts and Sciences at UNC-G; Sendil Krishnan, executive medical director of Triad Hospitalists; and Robert Pompey Jr., vice chancellor for business and finance at North Carolina Agricultural and Technical State University.
Steve Sumerford, retired assistant director for Greensboro Public Library and a consultant to nonprofits, was elected board chair, and Margaret Arbuckle, retired executive director of Guilford Education Alliance was elected vice-chair.
NF Mid-Atlantic changes name
NF Mid-Atlantic in Charlotte has changed its name to NF Tumor Foundation and will host a golf tournament at Lonnie Poole Golf Course in Raleigh on November 14.
Reading Connections gets $5,000
Reading Connections in Greensboro has received a $5,000 grant from the Women to Women Endowment of the Community Foundation of Greater Greensboro and will use the fund to expand its Family Literacy Program.
First Tennessee Bank gives $25,000
First Tennessee Bank of the Triangle has donated $5,000 to Foundation of Hope and $20,000 to The Daniels Center for Math and Science, both in Raleigh.
Realtor group donates school supplies
The Realtor Community Resource Committee of the Greensboro Regional Realtors Association delivered 1,200 composition books, 400 folders, several boxes of pencils, dry ink markers, and floor rugs to Hunter Elementary School. The group bought the items with donations from members.