At the 2011 Council on Foundations’ Fall Conference for Community Foundations in September, Silicon Valley Community Foundation CEO and President Emmett Carson told the audience the current financial model may be broken: “In five or 10 years, I fear that many of the institutions in this room won’t be here. Revenues aren’t meeting expenses. Other people offer what we perceive as our core product at a cheaper price - zero. As for raising costs: Talk to Netflix. In this environment, that doesn’t work.”
In a Twitter Chat yesterday to kick off Community Foundation Week, community foundations and others in the philanthropic sector had a chance to respond.
Participants were joined by Carson; Teri A. Hansen, chair, Community Foundations Leadership Team, and president and CEO, Gulf Coast Community Foundation; and Rebecca Graves, executive director, CF Insights.
Among the other topics discussed were:
Check out the archived debate. What are your thoughts? Is the model broken? If so, what do you replace it with? What does the future hold for community foundations? Add your thoughts and continue the debate.