Nonprofit and Self-sustainability Team

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NESsT was incorporated in 1997 and "sees fundamental flaws with the current paradigm in which nonprofit, civil society organizations (CSOs) compete for a limited pie of existing philanthropic resources. This reality makes many CSOs heavily dependent on short-term, project-based funding and prevents them from focusing attention on the longer-term, strategic development of their organizations and missions.

"The for-profit capital market includes a rich variety of financing sources (e.g., banks, venture capital and private equity funds, etc.) and financing instruments (e.g., bonds, equity, loans, etc.) for capitalizing the various stages of enterprise development (i.e., start-up, expansion and continued growth). Meanwhile, despite the tremendous diversity within the nonprofit sector, the nonprofit capital market relies predominantly on one single financing instrument -- the grant/donation -- for providing capital to organizations of various sizes, types, and stages of development. Many CSOs - particularly those smaller organizations working for social change and development -- remain highly vulnerable, underfunded and unsustainable." [1]

Directors

Source

Europe Supervisory Board

  • Zoltan Toth - (Chairman) - 3i Investments plc, (Budapest, Hungary & London, UK)
  • Robert Heinczinger - Tax Partner, Ernst & Young, (Budapest, Hungary)
  • Brian Wardrop - Partner, DBG Eastern Europe, (Budapest, Hungary)

Source

International Advisory Network

Source

Contact

Web: http://www.nesst.org
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