July 17, 2024

Deciding How to Invest a Windfall Gift

This conversation starter is designed to help you—and your board—navigate questions and choices, and related decision-making processes, should you receive a windfall gift.

The past decade has seen a rise in windfall gifts—large, flexible, often multiyear influxes of funding—to nonprofits and nongovernmental organizations (NGOs). When organizations receive those gifts, their leaders have moments of joy, celebrating the investment in their mission and the opportunities it could unlock. Soon after, they come to realize they face tough questions and choices about how, where, and when to invest these resources to achieve their goals.

This conversation starter, a companion piece to “Windfall Gifts: Learning from Nonprofits and NGOs That Have Received Large, Flexible Gifts,” is designed to help you—and your board—navigate these questions and choices, and related decision-making processes, should you receive a windfall gift. It outlines a series of first-order questions and considerations that can help your team figure out how best to invest windfall funding.

Please fill out the form below to a PDF of the conversation starter. We use the information we collect to help us improve our content and to inform our funders about the impact of our work. We will never share your personal information with any third party without your permission. If you'd rather not share your information, you can download the materials by clicking the following link: Conversation Starter: Deciding How to Invest a Windfall Gift.


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The Bridgespan Group would like to thank the JPB Foundation for its generous and ongoing support of our knowledge creation and sharing work.