Nonprofits are accustomed to raising money through donations and grants. In many cases, the goal is to keep the doors open and the services provided without changing direction. Now, a new approach is gaining steam, reports our Lisa Halverstadt. “A growing movement wants to see more nonprofits pitching ideas to potential backers, pursuing money-making ventures […]

Nonprofits typically rely on donors and grants, which keeps them busy sustaining what they’re already doing rather than trying out new tacks. But a growing movement wants to see more nonprofits pitching ideas to potential backers, pursuing money-making ventures aimed at addressing social problems and seeking investment in ways a startup might.