The nonprofit sector is woefully lacking creative destruction. Mediocre and weak organizations are still attracting funding and the best organizations are not accessing the funding they need to achieve real impact. The only way to get to a more efficient and robust nonprofit market is to reward good organizations and penalize bad ones. This will only occur when there are economic consequences tied to impact.
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NPX, a company transforming the way nonprofits are funded by explicitly linking capital with results, and The Last Mile (TLM), a nonprofit organization that prepares incarcerated individuals for successful re-entry to society, jointly announced today that their 4-year “Pay-for-Success” financing…
Sep 30, 2021Read Press Release