Over the last year, we have been thinking about what it means to be a nonprofit as we have embarked upon a diversification strategy for SCAN Group, the nonprofit organization we work for.
The exploration has forced us to ask some difficult questions: How do we ensure we are not straying from our organization’s original mission? How do we balance the goals of achieving societal benefits with financial sustainability? How do we ensure we are building organizations that will make a lasting impact?
To answer these questions, we created a set of principles to guide our diversification journey.
