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January 12, 2012 
 
 
The $100 Million CFO

It's coming. Watch out Tysons Corner.

 
Global Impact CFO Stan Berman was recently named Nonprofit CFO of the Year. With the help of his leadership, the organization raised more than $100 million last year for 11K charities aiding the world's most vulnerable people.
 
Global Impact CFO Stanley Berman

Before joining Global Impact five years ago, Stan spent nearly three decades at B'nai B'rith International, also as CFO. At Global Impact, he's aligned its budget with end goals rather than a department by department approach and improved its staff performance system, implemented a risk review process, and improved overall efficiency. Stan says he's most proud of the way Global Impact weathered (and grew) during the recession. When the market crashed in '08, Global Impact did a lot of analysis to evaluate how revenue might be impacted and made adjustments to reduce costs, forgo spending, and reconfigure staff (without layoffs). The last step was five days of staff furlough. In the end, the organization actually raised slightly more money than it had the year before. As a result, Stan paid back staff those five days: "That was possible only because of our careful calibrations in tough times."

Global Impact CFO Stanley Berman
Stan recognizes that philanthropy is changing. Traditionally, Global Impact raised money charity by charity. But increasingly, people want to give to causes, not specific organizations. Going forward, he says Global Impact is looking to center its fundraising around causes like clean water, children's health, or disaster relief. He points out that the Internet has made it more difficult to choose which charity to support. "It was bad enough when you had half a dozen choices. Now you have a million choices," he says. Global Impact could fill the niche of clustering together top charities that are solving the same problems. Of course, it's never as simple as it sounds. As CFO, Stan says this new approach would change the way Global Impact accounts for, reports, and measures the money it brings in.
Associated Builders & Contractors CFO Jason Daisey and National Beer Wholesalers Association CFO Kim McKinnish
Stan will be recognized at the Jan. 24 Nonprofit CFO Awards Luncheon, founded by Tate & Tryon and West, Lane and Schlager Realty Advisors. Joining him are two more top non-profit CFOs: National Beer Wholesalers Association CFO Kim McKinnish has been named 2012 Transformational Leader, and Associated Builders & Contractors CFO Jason Daisey has been named 2012 Rising Star. We're proud to have had both have participate in Bisnow CFO Roundtables. Check out our past coverage of Kim here and Jason here.

Bisnow
Washington's Top Prognosticator
 
George Mason University prof Steve Fuller
Live it up now. George Mason University prof Steve Fuller (the go-to guy for all things economic in the DC area) tells our colleagues at Fed Tech Bisnow the region won’t be growing at the same rate. By 2013-2014, he says Greater Washington will be trailing the national economy as federal spending is cut back. Before you skip town, consider this: the DC economy will still one of the most robust behind NY, LA, and Chicago. Steve will be providing a more thorough regional analysis at our Jan. 24 Economic and Political Forecast Breakfast & Schmooze. He'll be joined by American Enterprise Institute's Norm Ornstein, who will provide insight on the presidential election, as well a panel of real estate leaders. Get more info and RSVP here.

Bisnow
Association CEOs Tell All!
 
National Association of Chain Drug Stores CEO Steve Anderson
Sorry, this is not another juicy tidbit from Jodi Kantor's Obama book. But we will have plenty of other chatter at our Feb. 3 Association CEO Perspectives Breakfast & Schmooze. National Association of Chain Drug Stores CEO Steve Anderson (above), National Restaurant Association CEO Dawn Sweeney, and National Beer Wholesalers Association CEO Craig Purser will have the inside scoop on everything from membership trends to the impact of the presidential election. $19 for association and non-profit staff. Get more info and register here.
 
Send news and story ideas to reporter Jessica Sidman, jessica@bisnow.com.
 
 
 
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