Bridgespan Group
| Formation | 2000 |
|---|---|
| Founder | Thomas Tierney, Jeffrey Bradach |
| Location |
|
| Services | Management consulting, philanthropy advising |
| Website |
bridgespan |
The Bridgespan Group is a U.S. nonprofit organization in Boston, Massachusetts that provides management consulting to nonprofits and philanthropists.[1][2][3] In addition to consulting, Bridgespan makes case studies freely available on its website and publications.[4]
Bridgespan was launched in 1999 by Thomas Tierney, formerly Managing Director of Bain & Company, and professor Jeffrey Bradach, from Harvard Business School.[1][5] The organization has received substantial support from Bain, with whom it has maintained a close relationship.
History
Bridgespan grew from a desire by Bain & Company to expand their support of nonprofits. The idea started by doing occasional pro bono work for nonprofits. Bain consultant Thomas Tierney had been involved with nonprofit work since the 1980s, but after becoming worldwide Managing Director, Tierney began to focus his attention on consulting for charities. Between 1995 and 1999, three studies about the nonprofit market were conducted. Establishing an industry concentration was considered and rejected, instead the decision was made to create an allied, yet still independent, entity called the Bridgespan Group.[2]
In 1996 co-founder Jeff Bradach, a business professor and former Bain consultant, joined the company. In 1998, co-founder Paul Carttar, also a former Bain consultant, joined. Tierney pitched the idea of forming Bridgespan to his partners in 1999. He emphasized his desire for an ongoing partnership with Bain, which would accrue benefits (e.g., recruitment as well as public relations). Bain provided Bridgespan with a one million dollar grant for the first three years, in addition to administrative support and several loaned employees ("externs").[2][6] The organization was also initially supported by grants from the Bill & Melinda Gates Foundation, the William and Flora Hewlett Foundation, the Edna McConnell Clark Foundation and the Atlantic Philanthropies.[1]
The group launched its first website, www.bridgespan.org, in 2000 and started operations from a Boston-based office. By fall of 2000, the organization had 27 employees and had opened an office in San Francisco. Their services emphasized analytical consulting. Even with substantial subsidies, the assignments were too expensive for charities.[2]
In 2003, Bridgespan created the "Bridgestar" initiative that focused on leadership development and professional's transition into nonprofit careers.[7] The Bridgestar.org site merged with Bridgespan.org in 2012.
In 2005, it received 1,700 applications for 18 positions and turned down 90% of them.[5]
In 2008, Bridgespan redesigned its website in an attempt to provide better knowledge transfer.
Current operations
The Bridgespan Group is a nonprofit advisory and management consulting service for nonprofit and philanthropic organizations.[1][3] It serves mid-sized to large nonprofit organizations in education, youth services, public health, philanthropy, and global development.[1] As of 2013, the organization had 180 employees.[3]
The Bridgespan Group's website is organized into several learning centers, focusing on particular aspects of nonprofit management, such as hiring, strategy and funding. The site is interactive and includes free access to resources—articles, podcasts, videos, Q&A sessions, as well as several Bridgespan case studies.[1][4][8] The website also features an online job board.[1]
The organization specializes in helping clients to affect the greatest possible change with their charitable donations. It advises clients against spreading donations too thinly so "that they have no real impact."[9]
References
- 1 2 3 4 5 6 7 "Want a Business Plan? Log on for Free Advice", The New York Times, November 10, 2008, retrieved August 21, 2013
- 1 2 3 4 The Bridgespan Group (PDF), Bain & Company, November 1, 2000, retrieved August 21, 2013
- 1 2 3 The Bridgespan Group, CrunchBase, retrieved August 21, 2013
- 1 2 "Doing Well and Doing Good A Conversation with Jeff Bradach and Tom Tierney, co-founders of Bridgespan", Wellesley Weston Magazine, August 6, 2010, retrieved August 21, 2013
- 1 2 "Virtue's intermediaries", The Economist, February 23, 2006, retrieved August 21, 2013
- ↑ The Transformers, HBS Alumni Bulletin, December 2010, retrieved September 3, 2013
- ↑ "Wanted: nonprofit leaders", The Christian Science Monitor, August 13, 2007, retrieved August 21, 2013
- ↑ "Federal Cuts Likely to Shut Down Some Charities, Report Warns", The Chronicle of Philanthropy, January 15, 2012, retrieved August 21, 2013
- ↑ "Helping Make Clients’ Philanthropy Count", The Wall Street Journal, April 13, 2011, retrieved August 21, 2013