By John Hoover
Senior Vice President and Chief Financial Officer
The Andrea and Charles Bronfman Philanthropies
At ACBP, our President has a top ten list that quotes Tom Peters. One item is, “Try easier, not harder.” As a foundation that invests in the next generation and is not afraid to take risks, we (with our partners) take innovative ideas and create programs; then develop programs into vibrant charities. One of those is Birthright Israel International, an organization that sends young adults to Israel for a 10-day educational experience. Its annual revenue surpassed $100 million in recent years, yet it is only now celebrating its 10-year anniversary.
As with any entrepreneurial endeavor, there are growing pains and a tendency to make things harder, not easier. Working capital is one of those items where being short can quickly make many things harder.
Continue reading…
Recent Comments