San Francisco Chronicle: Ubuntu Education Fund CEO Says Let Nonprofits Do More by Spending More
Tuesday, August 11, 2015: Jacob Lief, founder and CEO of Ubuntu Education Fund, a nonprofit organization that provides health and education services to vulnerable children in South Africa, says that nonprofits should be held to the same standards as for-profit companies. Ubuntu Education Fund is a member of Aid for Africa. Lief says that for-profits normally have overhead rates of 25 to 50 percent. But nonprofits are expected to function just as efficiently with overhead budgets under 20 percent, which leads to understaffing and inefficiencies. Read the full article.