NEW YORK (AP) — It’s a transaction that would be commonplace for a corporation or a sports team, but it’s the kind of deal that is practically unheard of in the nonprofit sector. The philanthropy research organization Candid will send control of its CF Insights website and the staff that gathered information about community foundations to the Council on Foundations, the association of nearly 900 nonprofit members, on Friday. Candid CEO Ann Mei Chang says the shift will allow her nonprofit to foc
. Others aggregate philanthropic donations for a community. Many also serve as homes for the increasingly popular donor-advised funds. Some provide all of these services and more.
Chang said CF Insights can help community foundations see how its peers handled expansion or compensation. And that information pairs well with the Council on Foundations annual surveys on compensation and benefits among community foundations.However, nonprofits don’t generally go looking for synergy through mergers and acquisitions or restructuring.
However, both Chang and Enright say that more nonprofits should look for more effective ways to use resources, including potentially sending some to other nonprofits. Enright said even though both Candid and the Council on Foundations were interested in the deal, it still required resources from both nonprofits, as well as an external consultant, to get completed. She said she understands that smaller organizations may not have been able to complete it.
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