Nonprofit boards are trying to get an influx of youth. That goal may be within reach thanks to help from MBA programs.
According to an article in Bloomberg Business Week, schools with MBA programs in nonprofit management are teaming up with local nonprofit boards. The article cites the example of Columbia Business School's Nonprofit Leadership Program, which pairs 30 MBA students with a local nonprofit board each year. Ryan Bell, who attended the school in the Fall of 2010, was assigned to the board of Friends of the Children of New York.
Bell didn't just attend meetings while serving as a Board Fellow; he also assisted the board's fundraising committee by analyzing the organization's five-year strategic plan. His assistance played a key role in developing a new evaluation system for students, which ultimately resulting in $275,000 in additional funding. All this was done at the end of his one-year term.
Programs like the one at Columbia are becoming more popular as nonprofit boards are seeing it as an opportunity to connect with a younger audience. We had written an article a couple of years back that showed that only 2 percent of nonprofit boards have members younger than 30. Make sure to check that out to get a better sense of the age disparity at nonprofit boards.
If you want to read the full article on Board Fellow programs, check out the Bloomberg Business Week website.