The term "nonprofit" is perhaps one of the most misunderstood in the business world. While the primary focus of a nonprofit organization is to altruistically provide services and expertise to a local or national community, only by carefully managing its resources and continuously updating its strategy and services can a nonprofit organization secure its future as a viable contributor to society. Often, by adopting some for-profit business practices, a nonprofit organization can more successfully thrive in today's economy.

While charitable giving to nonprofits has increased rapidly in recent years, organizations have been hard hit by stock market fluctuations, economic uncertainty and destabilizing world events. A Cornell University study in 1996 found that , over the next 10 years, and estimated $10 trillion will be available for intergenerational transfers.

A key industry challenge for GHB is to help our clients find ways to appeal to individual donors, while pursuing corporate donations and creating a bedrock of fiscal stability and responsibility to ensure our clients' growth and continued success.

Our nonprofit professionals all combine the specialized practices of for-profit and nonprofit. Their experience in the business world gives them added insight into the problems faced by the nonprofit industry.

Our team members' involvement in philanthropic organizations, both at the board and at the volunteer level, gives an additional, broader perspective.

Through our alliance with BDO Seidman, LLP, GHB is able to access the resources and strategies of the BDO Seidman Institute for Nonprofit Excellence. Based in Bethesda, Maryland, and directed by Wayne Berson, the Institute serves as a resource for our clients when complex issues call for a "second pair of eyes."