A Field Guide for Charities Adding Earned-Income
I never wanted to write a book. But after serving with the nonprofit that launched iDonate and a few other businesses, I've been asked to help other charities with their business ideas. Patterns emerged and I realized it would be really handy to have a short book to encapsulate the key learnings from consulting with these organizations.
After years of work, the official edition of "The Profitable Charity" is available on Amazon. It's written as a short (61 pages) field guide for leaders and board members of nonprofits.
Here's a synopsis:
Donors and nonprofit leaders are hungry for better ways to accomplish the change they seek. Charity is essential, but it’s simply not enough. Enter Charity Enterprise with the power to build revenue and accelerate your organization’s impact.
This book provides the tools you need to get started. You’ll learn:
- Why traditional charity cannot be the only solution to human suffering
- Why changing donor demographics are making fundraising harder, necessitating a change in how charities fund their mission
- What Charity Enterprise is, and is not
- How to create sustainable revenue in a charity or nonprofit context
- How others are impacting communities with Charity Enterprise
Some people have been nice enough to say kind things about the book:
"In my experience working with global business and nonprofits, Charity Enterprise has been quietly changing lives and communities. Every nonprofit leader should read this book."
- Tami Heim, President and CEO, Christian Leadership Alliance
Aimee Minnich challenges us to rethink what it means to be socially minded and empowering in our ministry endeavors. This book will move you to unleash innovation and creativity in addressing your ministry mission. I believe Minnich’s ideas will fire the imagination of those who read it and inspire a new kind of ministry effort that will not only change lives but also generate the revenue to sustain the ongoing mission.
- Mike King, President/CEO of Youthfront and Senior Advisor at Museum of the Bible
I'm really grateful for help and inspiration from Bill High, Lindsay Donaldson, and Mike Loomis. Each of you guys is amazing in totally different ways.
Impact Foundation exists to invest charitable capital for economic, social, and spiritual transformation, our version of impact investing. It's the next iteration of philanthropy because innovative foundations and givers have recognized that all enterprises, not just charities, can produce both social and financial results on a spectrum from positive to negative. While we whole-heartedly believe impact investing is here for the long run, not everyone lives every day in this world. That's why we bring you this summary of the most important conversations in impact investing.
If you're new to the conversation and just wondering what the words mean, check out the FAQs and Resources and on our website.
The co-founders of Standard Cyborg and fellow Praxis Labs alumnae Jeff Huber and Garret Spiegel have been named to Forbes' 30 Under 30 for their pioneering work in making custom-fit prosthetics available widely and affordably. Congratulations!
Hells kitchen's plant based PS Kitchen gives 100% of its profits to charity. Talk about a guilt-free meal! Not to mention, their drinks are fabulous as well.
How does a family of seven from Ohio end up living in the midst of goat herders in Kyrgyzstan and developing access to worldwide markets for luxury cashmere? After hearing Sy Belohlevek tell his family's story, the answer seems to be God and grit.
June Cashmere's 100% cashmere yarns are collected directly from Kyrgyz shepherds living on small family farms along the ancient Silk Road amidst the soaring mountains of Central Asia. June is the Kyrgyz word for animal fiber, which is a centuries old vital resource and essential element of their nomadic lifestyle. From felted woolen rugs, to the clothes on their backs, june has made itself an indelible part of Kyrgyz culture. Additionally, the uniquely warm properties of the cashmere from their goats allow them to sustain cold and long winters in the vast mountains in Kyrgyzstan.
After successful careers in the musical sales and financial services business, Joe was ready for a new challenge. So, during May 2013, he went on a 4-day fast and committed to God to sow (invest and give) 90% of his personal income to the work of the Kingdom of God on earth, and to live on 10% of his income.
The very next day, while driving, Joe saw a sign announcing a new Wal-Mart Store opening in his area. He felt God speak to his heart to contact Wal-Mart and try to begin a business relationship. Having spent his Saturdays serving meals to homeless men, Joe developed a burden to help. Over time that burden grew into an idea to offer affordable insurance to help people land on their feet even after the toughest life situations.
Ethiopia has changed since the famine of the 1980's that prompted pop stars to raise funds through a lovely concert and catchy tunes. Explore the current landscape with one of our portfolio companies.
Verde Beef Processing is a feed production, cattle fattening and beef processing business Located in Ethiopia’s largest state, Oromia (about 3 hours from Addis Ababa), Verde Beef is raising the country’s largest herd of cattle.
Verde has been leasing a processing facility but is quickly outgrowing it. Overall, this business is on track to scale to $100mm in revenue and $38M EBITDA per year. At that level of productivity the company will employ 2,500, and create 50,000 new jobs in the beef industry.
Work is how I amass enough power and wealth to make other people work for me.
Business is the means by which a few owners get rich through the effort of others.
The highest calling of a Christian in business is to make a lot of money to give away to the church and ministries.
We may not say it quite like this, but many of operate as if these lies and half-truths are true. If this is how we view work, it's no wonder that 70% of Americans hate their jobs or are completely disengaged (according to a Pew Research Poll.) This lame understanding of work also limits our potential to partner with God in some really amazing ways. By renewing our theology of work, we can better understand the role of business in the Kingdom of God. This is essential if we are to realize the power of business to serve as winsome witnesses of the Gospel, creatively demonstrating our faith by being part of the solution.
Pete Ochs" business Seat King exemplifies the best of "Redemptive Business" as a means of creating jobs and transforming lives.
Expanding on traditional Evangelism/Discipleship, the idea of Redemptive Business borrows heavily from Praxis Labs’ concept of a “redemptive entrepreneur”, or one who seeks to embody the gospel in creating and building a venture that leaves a meaningful impact on the world.
In the first 18 months of Impact Foundation, we have place $30 Million in 53 Impact Companies, spanning the globe from Silicon Valley to Laos. The impact of those investments encompasses most of the main categories of transformation sought by traditional charity plus a few areas that charity cannot reach. Read about the causes and places that our investments seeks to transform.
Some of our more devoted followers may have noticed that some months ago Impact Foundation and Olive Tree Investments joined forces. If you haven't noticed, or are confused by the combination, this blog is for you.
It’s a natural fit as both groups put charitable capital to work in enterprises that seek measurable social and kingdom transformation while earning money. Impact Foundation offers donors a flexible tool for charitable investment, while Olive Tree searches the globe for the best transformative businesses in emerging markets.