Collaboration Pays

So I have spoken a lot about mergers…you know where I stand!

Here is a great initiative that I saw on Jason Dicks blog a while back and recently an article on AFP reminded me to post about it.

The Lodestar Foundation is funding a competition called The Collaboration Challenge.

[They are] awarding $250,000 to the collaboration (two or more nonprofits) that present the most compelling evidence as to how business was streamlined, a cause advanced or a group’s quality of life was improved by virtue of the collaboration.

The money will be split between the organizations involved in the collaboration. 30 semi-finalists have been selected from a pool of over 644 U.S.-based nominations.

An analysis of the top 176 qualifying collaborations demonstrates that:

  • Most were formed to maximize funds and/or improve services
  • 40% of collaborations were administrative consolidations
  • 35% of collaborations were joint programs
  • 25% of collaborations were mergers
  • Most mergers were recent (18 months to 3 years old)
  • Most were in the areas of health (25%) and community development and housing (12%).
  • 72% were local in nature

Lodestar will announce the winner on March 5, 2009

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s