It is one of three scholarship programs the school offers to help nonprofit leaders improve their management skills. The others are the United Way Scholarship Program and the Joel A. Weston Scholarship. Three scholarships are awarded annually through agreements with N.C. United Ways based in Charlotte, Greensboro and Winston-Salem. The agreements provide free MBA education to an executive with the United Way or a member agency in each of those cities. Nonprofits need to be even better stewards of money than for-profit businesses.
People are more aware today of making nonprofits accountable for the money they bring in.
More people are questioning how dollars are being spent because there have been so many scandals. Caradori is director of development and public relations with Children's Home Society of North Carolina. Now the only agencies that thrive are the ones that use technology to monitor program outcomes and show those who provide funding exactly how their programs are making a positive difference in the lives of their clients. Moyer has worked with the United Way of America to interest other MBA schools across the country in forging similar agreements, and the National Executive MBA Council has endorsed the concept. Moyer says the nonprofit scholarships allow Babcock to give back to the community.