If Henry Kravis appeared in your office to say you were in need of a financial restructuring, you'd likely be more than a little afraid. Unless, of course, you were a non-profit group in the Youth, I.N.C. network, an organisation that provides business acumen and operating expertise to youth-focused charities.
In fact, Kravis and an all-star cast of US private equity leaders make up the bulk of Washington DC-based Youth, I.N.C.'s advisory board. Also enlisted in the cause are John Baker of Baker Capital, Ron Burkle of The Yucaipa Companies, Tim Collins of Ripplewood, Thomas H. Lee, Stephen Schwarzman and Howard Lipson of Blackstone, Charles Ayres of Lehman Brothers, Ted Virtue of MidOcean Partners, and Alexander Navab of KKR.
Much of the advice that these buyout luminaries bring to the table has to do with a topic they know well – fundraising. For example, in 2001, The Dome Project, a tutoring programme, was struggling attracting donors. Youth, I.N.C. lent a hand by involving the non-profit in a fundraising event, as well as helping it organise a newly energised board. “Best practices, committee structure, fundraising and corporate recruitment have been revamped and energised,” reads a brochure.
With the improved performance of the 60 affiliated non-profits directly affecting the lives of disadvantaged children, this is the kind of long-term gain from which everyone benefits.