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The Ratings Game: Exploring the Future of Data-Driven Equitable Charitable Giving

The Ratings Game: Exploring the Future of Data-Driven Equitable Charitable Giving

FromThe Nonprofit Fix


The Ratings Game: Exploring the Future of Data-Driven Equitable Charitable Giving

FromThe Nonprofit Fix

ratings:
Length:
75 minutes
Released:
Nov 17, 2023
Format:
Podcast episode

Description

What if the agencies you trust to guide your charitable giving aren't as reliable as you thought? This is the provocative question that we, Ken Berger and Peter York, explore in our latest podcast episode. We examine the world of nonprofit rating agencies, scrutinizing their strengths, weaknesses, and the methodologies they use to evaluate nonprofits. From Charity Navigator to BBB Wise Giving Alliance, we discuss how these vitally important and well-intentioned agencies struggle to measure the true impact of the nonprofits they rate, and why.We dive into the cloudy waters of financial analysis, transparency, and accountability. We discuss the misconceptions about the charitable sector, particularly surrounding the controversial topic of overhead costs. But it's not all doom and gloom; we also explore the potential for change. We envision a future where big data is harnessed to create more equitable and accurate benchmarks for nonprofits, transforming how donors make informed decisions about where their money goes.Lastly, we examine the application of fairness in rating systems and funding challenges. We discuss the importance of accessibility and how new tools, such as BCT Partners' Equitable Impact Platform (EquIP), could revolutionize how donors access information about nonprofits. We delve into the significance of overhead costs in charitable giving, emphasizing the need for a new perspective that appreciates the value of investing in operational costs. Tune in to discover a new perspective on nonprofit rating agencies and join us in envisioning a future of informed and equitable charitable giving.
Released:
Nov 17, 2023
Format:
Podcast episode

Titles in the series (10)

"The Nonprofit Fix" is a candid and insightful podcast that explores the challenges of the nonprofit sector and its potential to repair our broken world. Join hosts Pete York and Ken Berger, as they delve into the sector's issues, discussing solutions to foster a more effective and impactful nonprofit community.Opinions expressed in this podcast are personal and not reflective of the hosts' employers.