Tipping Nonprofit Sacred Cows: Basic Misconceptions About Nonprofits
By Paul C. Hudson
Managing Director, Hudson & Holland Advisors, LLC
AABLI Board Member and Faculty Member
Some basic misconceptions about nonprofit organizations have taken root in our society. It may surprise you that, as nonprofit executives, trustees, consultants, foundation executives and government administrators, we are among those who have perpetuated them. These misconceptions—think of them as Sacred Cows—have developed as a result of our charitable culture, tax regulations, legislation and funding guidelines.