"Unprecedented Partnership: Nonprofits Candid and Council on Foundations Forge Corporate-Style Deal"
Nonprofit organizations Candid and Council on Foundations have made a rare deal, with Candid transferring control of its CF Insights website and staff to the Council on Foundations. The move allows Candid to focus on priority areas such as diversity and transparency, while providing CF Insights with a larger audience and potential for expansion. The Council on Foundations believes that the information provided by CF Insights will help community foundations make better decisions and network with peers at a national level. While mergers and acquisitions are common in the corporate world, this type of synergy-seeking deal is unusual in the nonprofit sector. However, both organizations believe that more nonprofits should explore effective resource utilization and collaboration for the benefit of the field.