“Lessons in Financial Management Pay Off for Chicago Charities”

A Chronicle of Philanthropy article explores a Wallace Foundation program to help nonprofits better manage their finances.

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Published

December 2011, 4 pages

Author(s)

Nicole Wallace

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The Chronicle of Philanthropy http://philanthropy.com/section/Home/172

This Chronicle of Philanthropy feature examines a Wallace Foundation initiative to bolster the financial management wherewithal of 26 Chicago after-school nonprofits through training, consulting and cash incentives. Wallace is one of a “growing number of grant makers” that believe “financial management has often been the missing component in efforts to help organizations strengthen their operations,” according to the article.

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Fiscal Fitness for Nonprofits: Project Puts Chicago After-School Programs and Funders Through a Financial Workout	https://www.wallacefoundation.org/knowledge-center/Pages/Fiscal-Fitness-for-Non-profits.aspx	Fiscal Fitness for Nonprofits: Project Puts Chicago After-School Programs and Funders Through a Financial Workout	Read about Wallace’s effort to help solve weak financial management by giving financial training to executives of high-performing organizations.	54092405-3ed7-43af-891b-ab77fa4f2517	Report	<img alt="Fiscal Fitness for Nonprofits: Project Puts Chicago After-School Programs and Funders Through a Financial Workout " src="/knowledge-center/PublishingImages/Fiscal-Fitness-for-Non-profits-b.jpg" style="BORDER:0px solid;" /> <img alt="Fiscal Fitness for Nonprofits: Project Puts Chicago After-School Programs and Funders Through a Financial Workout " src="/knowledge-center/PublishingImages/Fiscal-Fitness-for-Non-profits-a.jpg" style="BORDER:0px solid;" />
Building Stronger Nonprofits Through Better Financial Management: Early Efforts in 26 Youth-Serving Organizations	https://www.wallacefoundation.org/knowledge-center/Pages/Building-Stronger-Nonprofits-Through-Better-Financial-Management.aspx	Building Stronger Nonprofits Through Better Financial Management: Early Efforts in 26 Youth-Serving Organizations	Read about the efforts to develop the financial management of 26 non-profit after-school organizations and discover the need for new skills.	54092405-3ed7-43af-891b-ab77fa4f2517	Report	<img alt="Building Stronger Nonprofits Through Better Financial Management: Early Efforts in 26 Youth-Serving Organizations " src="/knowledge-center/PublishingImages/Building-Stronger-Nonprofits-Through-Better-Financial-Management-b.jpg" style="BORDER:0px solid;" /> <img alt="Building Stronger Nonprofits Through Better Financial Management: Early Efforts in 26 Youth-Serving Organizations " src="/knowledge-center/PublishingImages/Building-Stronger-Nonprofits-Through-Better-Financial-Management-a.jpg" style="BORDER:0px solid;" />
Administrative Management Capacity in Out-of-School Time Organizations: An Exploratory Study	https://www.wallacefoundation.org/knowledge-center/Pages/Administrative-Management-Capacity-in-Out-of-School-Time-Organizations.aspx	Administrative Management Capacity in Out-of-School Time Organizations: An Exploratory Study	Read about the need after-school program organizations' have for investments in administration and management to effectively support their programs for children.	54092405-3ed7-43af-891b-ab77fa4f2517	Report	<img alt="Administrative Management Capacity in Out-of-School Time Organizations: An Exploratory Study" src="/knowledge-center/PublishingImages/administrative-management-capacity-in-OST-B.jpg" style="BORDER:0px solid;" /> <img alt="" src="/knowledge-center/PublishingImages/administrative-management-capacity-in-OST-a.jpg" style="BORDER:0px solid;" />

“Lessons in Financial Management Pay Off for Chicago Charities”

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