When it comes to understanding nonprofit financial needs, our sector commonly relies on the flawed frameworks of program versus overhead or direct versus indirect. These frameworks are too narrow and fail to capture necessary costs - costs that impair organizations when they are not addressed. Reset your understanding of what it takes financially to operate an effective nonprofit over the long-term. Learn how to use the full cost framework to understand nonprofit financial needs holistically for more effective grantmaking. This session will:
Define the components of full cost
Reveal how full cost connects finance to analyses of systemic oppression and aligns with trust-based philanthropy practices
Demonstrate how different grant structures meet different full-cost needs
Founder & Principal Consultant, Claire Knowlton Consulting LLC
Claire Knowlton is the founder and principal consultant at Claire Knowlton Consulting, LLC, where she provides financial consulting to nonprofits and foundations. Her work focuses on helping her clients align their financial strategy to their organizational values. She previously served as Director of Advisory Services for Nonprofit Finance Fund where she helped lead a national practice of 43 consultants and provided consulting services to hundreds of nonprofits and funders. While there, she designed and led a range of initiatives, including change capital projects for equity-centered arts organizations; long-term efforts to improve government contracting with nonprofits; and the Full Cost Project. She has worked in the nonprofit sector since 2005 in multiple roles, including as the Executive Director of a community-based art center, as an auditor and tax-preparer, and as co-founder and board chair for a nonprofit working to end extreme global poverty.
evolve is SCG’s suite of programming that champions transformational leadership made possible by the generous support of the Angell Foundation.