Cost to Raise a Dollar Is a Terrible North Star
Nonprofits don’t drift into short-termism because fundraisers are shallow, boards are naïve, or donors are irrational. They drift because volume machine system scorecard makes short-termism feel responsible. Conversion rate, cost per acquisition, ROAS, and cost to raise a dollar define success as whatever is immediate and attributable. Inside that world, the only decisions that look […]
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