
Helping Nonprofits Thrive
Through the Rustandy Center鈥檚 天美传媒 Board Connect program, Boothies are using their MBAs to make a meaningful impact on social and environmental issues.
- By
- February 10, 2022
- Social Impact
Anh Nguyen, 鈥11, described his first year as a nonprofit board director as emotionally and spiritually rewarding. He currently serves on the board for Renaissance Social Services Inc., a Chicago-based nonprofit that provides housing and support services for at-risk individuals, veterans, and families.
Nguyen loves Renaissance because it provides clients individualized and comprehensive care. Clients who go from the street to living in a home often choose to stay within Renaissance鈥檚 community, he says, which means they鈥檙e able to get the ongoing support they need to restart their lives. This could be a simple as opening a bank account, or as serious as coordinating home care for a chronic health issue.
鈥淚 couldn鈥檛 be happier being part of this organization and seeing the community impact it continues to make,鈥 Nguyen says. 鈥淗ousing and coordinating services around a client is a critical component to their success. That鈥檚 what we see and are able to measure. We want to empower and enable our clients鈥 futures.鈥
As a board director, Nguyen has helped Renaissance think of other ways to measure its social impact by reevaluating its metrics for success鈥攆or example, tracking how many clients the nonprofit has connected to primary care services. Prior to working with Rennaissance, less than 30 percent of clients have a primary-care provider. Within six months, they鈥檙e all matched with one and receive an integrated care plan.
Nguyen, a physician and global head of the gene thereapy company Asklepios BioPharmaceutical Inc., hopes that reviewing Renassiance鈥檚 metrics can improve its existing programs, help develop new ones, and enhance future funding for the organization as it grows.
Before Renaissance, Nguyen served only on biotech boards, a more scientific role due to its close work with management teams, investors, academic researchers, and global regulatory authorities. In contrast, the Renassiance board focuses on the integration of social services and health care delivery鈥攁n entirely different set of tasks that strongly appeals to him.
鈥淚鈥檓 grateful for this experience, to learn more about and contribute to Renaissance鈥檚 mission to provide housing, social services, and health,鈥 he said. 鈥淭his is in my blood鈥攂elonging to a community-focused organization and helping pay it forward.鈥
鈥淗ousing and coordinating services around a client is a critical component to their success. That鈥檚 what we see and are able to measure. We want to empower and enable our clients鈥 futures.鈥
The 天美传媒 Board Connect Program
Nguyen was introduced to Renaissance through Booth’s social impact hub, the Rustandy Center for Social Sector Innovation. The Rustandy Center’s 天美传媒 Board Connect (ABC) program works to match Chicago nonprofits with Booth alumni, who can then serve on a nonprofit’s board of directors.
Wai-Sinn Chan, MBA ’02, MPP ’02, director of social sector engagement and the Civic Scholars Program at the Rustandy Center, said that the ABC program was created for alumni who want to use their MBA to make a meaningful impact by supporting nonprofits dedicated to tackling complex social and environmental problems.
Since it was founded in 2013, the ABC program has connected with 140 nonprofits, which have voted more than 200 Booth alumni onto their boards.
“Nonprofits need strong board members, but that recruitment and matching process takes time—a resource that nonprofits often lack,” Chan says. “ABC takes some of that administrative burden off of nonprofits by facilitating the board recruitment, application, and matching process. We work hard to connect our partner organizations with Booth alumni who have the skills and interest areas that meet their needs. That mutual fit is a key aspect of ABC’s success.”
Nguyen adds that nonprofits that work with the ABC program will have access to the Booth tool set—sharing ideas, communicating openly, and thinking critically about problems in constructive ways.
“We’re always thinking about how you measure success, describe it, or use a model to get the objectives we want,” Nguyen says. “I think these tools can help provide clarity so the organization can better see what it’s doing.”
鈥淣onprofits need strong board members, but that recruitment and matching process takes time ... We work hard to connect our partner organizations with Booth alumni who have the skills and interest areas that meet their needs.鈥
How ABC Helps Nonprofits and 天美传媒
Michael Banghart, executive director at Renaissance, has loved being connected with Booth alumni. Having Nguyen鈥檚 perspective on data and health care, for example, has helped the organization define its most important metrics and better serve homeless people.
鈥淭hat鈥檚 been really informative and valuable,鈥 Banghart said. 鈥淎nh is a very creative thinker. He has a lot of really good ideas that are a little different than mine.鈥
Banghart said that he was introduced to the Rustandy Center鈥檚 ABC program by a board member who is a Booth alumnus. Since then, the organization鈥檚 relationship with Booth has played an important role, including introducing Renaissance to new interns and board members, including Nguyen and Richard Day, 鈥20, a consultant at the Boston Consulting Group鈥檚 Chicago office, who Banghart says has been pivotal in improving Renaissance鈥檚 public relations and marketing efforts. Day first became involved with Renaissance when he participated in the Net Impact Board Fellows Program while a second-year Booth student.
Nonprofits typically don鈥檛 get as many people volunteering to be board members, Banghart says, as there鈥檚 no pay for nonprofit board directors, unlike those on public and private boards.
鈥淲e don鈥檛 have a lot of money to put into those types of things鈥攚e have a development team of two people鈥攕o the more support we get from our board, the better,鈥 Banghart says. 鈥淗aving access to such talented people who are interested in the work that we do is extremely valuable.鈥
In addition to bringing new knowledge and skill sets to nonprofits, the ABC program, Nguyen believes, is an important experience for Booth alumni.
鈥淪ervice is important and gives me meaning and purpose, in my career and in my life,鈥 he says. 鈥淚 find it very rewarding, emotionally and spiritually, knowing that we are actively contributing to those who need help. I鈥檓 thrilled that the Rustandy Center provides this opportunity.鈥
For any Chicagoland nonprofits that have the opportunity to be involved with the ABC program, Banghart strongly recommends welcoming Booth alumni to their boards.
鈥淭ake advantage of it, because you鈥檙e not going to go wrong,鈥 Banghart says. 鈥淚f you support your board members, support their growth and their understanding of the work you do, they鈥檙e going to provide so much value to your work.鈥