Nonprofits Candid and Council on Foundations make a rare deal the way corporations do
By GLENN GAMBOA
AP Business Writer
NEW YORK (AP) — It’s a transaction that would be commonplace for a corporation or a sports team, but it’s the kind of deal that is practically unheard of in the nonprofit sector. The philanthropy research organization Candid will send control of its CF Insights website and the staff that gathered information about community foundations to the Council on Foundations, the association of nearly 900 nonprofit members, on Friday. Candid CEO Ann Mei Chang says the shift will allow her nonprofit to focus more sharply on priority areas – including diversity, transparency and effectiveness in the sector – while providing its CF Insights information a larger audience and the potential to expand at the Council on Foundations.
