For-profit ventures help nonprofits shore up the funding they need to maintain and expand their programs

By Abny Santicola

“Nonprofit groups tend to be undercapitalized,” Bromberger adds. “Some of the big ones have reserves and endowments, but the vast majority of groups don’t have anything like that so they can’t finance their own cash flow. They need unrestricted money, and earned income is a pretty good way to get unrestricted money if the group can do it successfully.” FS