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Joe Boland
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And even though Hart's assessment is 100 percent correct, the lines are definitely blurring in society between nonprofits and for-profits. Increasingly, for-profit ventures are being founded with social good components. These social ventures, as they are often referred to, either give back to society or at times set up their own philanthropic arms. Conversely, especially given the cutbacks in government grants and more discerning donors, many nonprofits have experimented with and launched for-profit subsidiaries to help them become more self-sustaining amid increasing competition for donors' dollars.
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Joe Boland
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