Bridging Worlds: Audette Exel of Adara Group

Approximately 80% of nonprofit leaders say access to capital is their biggest challenge. In the United States, only 20% of nonprofit grants are unrestricted - meaning only 20% of funding can support overhead costs, which prevents many nonprofits from being able to invest in their teams.
 
This week, learn about how business and nonprofits can work together to solve this challenge with Audette Exel, the Chair and Founder of Adara Group. Audette has received many awards for her work to bridge the worlds of finance with philanthropy. She founded Adara Group with two different parts - a corporate advisory business, and an international development nonprofit, that is funded by Adara.
 
"Even the greatest nonprofits in the world spend their lives worrying about where the next dollar is going to come from. But the work they do is enormously complicated, and they should be focusing on how to do their work with the best practice standards of excellence," says Audette. "With Adara, I wanted to try a slightly different model: what would happen if I inserted a revenue-generating business machine into the heart of a nonprofit?"