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Research Outline
Prepared for Kayleigh T. | Delivered October 26, 2019
Non Profit Space - Connecticut and New England
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Goals
To understand the nonprofit space, specific to the Connecticut (primary) and New England (secondary) markets to help your client tap into this market to offer their advisory services. Specifically, you need qualitative and quantitative insights and data related to anything about Corporate governance, organization structure, communications, and fundraising. Additionally, you would like us
to build a list of competitors in both markets and for each competitor to explain what they are doing well in this area. As well, to provide competitors that are missing the mark, and not doing as well.
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Early Findings
There are currently
18,602
nonprofits in Connecticut. Of these,
11,860
are public charities (including some ran by religious organizations) and
1,170
are public or private foundations. The remaining
4,792
nonprofits are classified as "other."
The Hartford Foundation for Public Giving runs a
Nonprofit Support Program
that helps form and strengthens a nonprofit's organizational structure. The program provides self-assessment tools as well as organizational assessments, discovery sessions during which board members of small or all-volunteer firms can work with a skilled consultant on one or two areas needing improvement, and Technical Assistance Grants.
Nonprofit organizations and foundations in Connecticut receive at least some of their funding through grants like the ones provided by the
Connecticut Community Foundation
and the
Hartford Foundation for Public Giving
.
Opportunities Industrialization Center of New London (OIC) is a nonprofit located in Connecticut that has worked with the
CT Community Nonprofit Alliance
to lower administrative costs.
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