The way author and entrepreneur Dan Pallotta sees it, charities need to start taking big risks – the kind of risks a business would make.
Pallotta will be speaking about his philosophy during the first day of the Leadership Forum at the Philanthropy Miami conference in Jungle Island on Feb. 21 which focuses on the trends and practices in non-profit management. Currently in its second year, the conference is hosted by South Florida’s Leave a Legacy organization.
“It’s important for charities to come together and share their best practices,” said Teresa Weintraub, co-chair of Leave a Legacy, a nonprofit that promotes philanthropy in Miami-Dade County.
The Leadership Forum will highlight Pallotta’s idea that nonprofit leaders need to take a more proactive economic approach and begin running their organizations like businesses.
He said the things that charity leaders have been taught about undermining the costs is incorrect.
“We have always been taught that charities should spend as little money as possible,” said Pallotta, who is the founder of Pallotta TeamWorks, which invented the multiday AIDSRides and Breast Cancer 3-Days. “But unless charities allow themselves to grow then the problems they face are not going to get solved.”
His most recent book is called “Charity Case: How the Nonprofit community Can Stand Up For Itself and Really Change the World”.
The second day of the conference will take place on March 14 at the Hilton Miami Downtown and feature HGTV co-founder Susan Packard.