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 [Social Impact & Volunteering](/CSR-News/social-impact-volunteering)

 # Is a Foundation Right for You?

 


 

 Mar 4, 2013 10:15 AM ET

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[Prove Your Purpose](http://www.conecomm.com/prove-your-purpose)

*Ever wondered if a foundation is the right move for your organization? Building off a recent exposé on athete-run foundations, Cone's own [Social Impact ](http://www.conecomm.com/social-impact)expert, Erica Kendall, weighs in on why foundations fail and why they may not always be the best fit.*

Recently, the [Boston Globe](http://bostonglobe.com/business/2013/02/24/nonprofit-game-many-athletes-post-losing-records/a0Eqoz6RUYORFhT0T0j0EO/story.html) critiqued the impact of many nonprofits run by professional athletes. Nearly half of the 50 professional athlete-operated nonprofits reviewed by the Globe spent less than 65% of revenues on charitable programs and donations. According to [Charity Navigator](http://www.charitynavigator.org/index.cfm?bay=content.view&cpid=33), a leading independent charity evaluator, nonprofits spending less than a third of their budgets on program expenses are simply not living up to their missions.

**To read more on Cone's** [***Prove Your Purpose***](http://www.conecomm.com/prove-your-purpose) **blog, please click** [**here**](http://www.conecomm.com/is-a-foundation-right)**.**



 

 

 

 

 

 

 

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