Too big to fail?
Today’s quote goes to the unnamed person who coined the phrase “too big to fail” (what it really means “too big to [let] fail.”
Anyway, I just wanted to suggest that we pause and reexamine the bias toward those giant nonprofit “economic engines” in the Boston Foundation’s study of the financial health of Massachusett’s nonprofit sector, Passion and Purpose.
And, the precarious nature of the stock market underscores my previous point that there are no inherently sustainable dollars. Even endowment income is subject to the rise and fall of the market… and right now, it’s a pretty big fall.