Nonprofit partners have made good progress overall. Increased governance and accountability is more apparent in the mid- to later-stage investment partnerships, but even out of these seven organizations, four have made significant progress, while the other three are somewhere along a continuum of change as they confront matters ranging from improved financial accountability to the board/management relationship shifting from a founder-driven board to that of a more of independent board.

Highlight: Perhaps more than any other action, the discipline of defining annual milestones (e.g., achievements to be attained, such as increasing number of children served by 15%, expanding geographic coverage, or establishing new financial controls) and then holding themselves accountable to those milestones, has helped leaders in a very tangible way.