A PFG is not a non-profit. PFG’s are for profits that have charities or philanthropists as owners (and have that governance locked). This is a very important distinction to make.
I know from experience that my current fundraising ask would have been easily fulfilled by for-profit investors, so yes we would be able to grow and become profitable much easier if we were for-profit, but these investors wouldn’t allow me to go back to my PFG model. I have seen multiple PFG’s turn to for-profits and lose their model and impact forever.
Hi Tomek,
A PFG is not a non-profit. PFG’s are for profits that have charities or philanthropists as owners (and have that governance locked). This is a very important distinction to make.
I know from experience that my current fundraising ask would have been easily fulfilled by for-profit investors, so yes we would be able to grow and become profitable much easier if we were for-profit, but these investors wouldn’t allow me to go back to my PFG model. I have seen multiple PFG’s turn to for-profits and lose their model and impact forever.