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Phil Buchanan steps into the long running debate about whether the word "nonprofit" is a good way to describe our sector. The trend has been to criticize the term, but Phil comes to its defense.
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A few years ago, Claire Gaudiani suggested "social profit organization" to replace the word "nonprofit". At the time, I argued that the phrase "social enterprise" was actually the perfect term. It is too bad the phrase now refers specifically to nonprofits that focus on an earned income approach to revenue generation.
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ABOUT SEAN STANNARD-STOCKTON
Sean Stannard-Stockton is the president and chief investment officer of Ensemble Capital Management, located in Burlingame, CA, midway between San Francisco and Silicon Valley. From 2006 through 2012, Sean authored the Tactical Philanthropy blog and wrote regular philanthropy columns for both the Financial Times and the Chronicle of Philanthropy. In 2012, Sean officially ended the blog to focus on growing Ensemble Capital.
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