Do Donors Penalize Nonprofit Organizations with Accumulated Wealth?

• 成果类型: Article
• 署名作者: Calabrese, Thad D.
• 刊物名称: PUBLIC ADMINISTRATION REVIEW
• ISSN/ISSBN: 0033-3352
• DOI: 10.1111/j.1540-6210.2011.02420.x
• 发表日期: 2011
• 页码: 859-869
• 关键词: donations; EFFICIENCY; MARKETS; determinants; endowments; holdings; demand; FIRMS

摘要

Does current accumulated wealth by nonprofit organizations influence contributions from individuals? Existing research demonstrates that financial reserves aid program continuity during economic downturns. Yet donors, charity watchdogs, and policy makers voice concern about accumulated wealth in nonprofits. This empirical analysis examines whether the expected negative relationship occurs when donors perceive accumulated wealth as excessive. The results support the conclusion that future contributions are negatively affected when wealth levels are deemed excessive. Nonprofit managers concerned that accumulated wealth will diminish donations should consider financial strategies that will allow their organizations to build modest-but not excessive-reserves.