The Social Meaning of Money in Nonprofit Organizations: A Case Study of Formal and Informal Earmarking of Money

Authors

  • Ola Segnestam Larsson Ersta Sköndal Bräcke University College Score at the Stockholm School of Economics and the Stockholm University http://orcid.org/0000-0001-5015-0443
  • Susanna Alexius Stockholm School of Economics Stockholm Centre for Organizational Research (Score) SE-106 91 Stockholm

DOI:

https://doi.org/10.18666/JNEL-2021-9534

Keywords:

nonprofit organizations, earmarking, money, valuation, social meaning

Abstract

By studying mechanisms, justifications, and valuations, this article analyzes the social meaning of earmarked money in a nonprofit organization. Focusing on the social meaning of money implies gaining insights into the moral underpinnings and justifications of the origin and generation of money as well as processes by which various streams of money are earmarked. Based on previous literature as well as our own research, we offer two models for understanding and studying processes that earmark and justify the earmarking of money. We illustrate the relevance of these models in a case study of the nonprofit organization IOGT-NTO in Sweden. We conclude the article by presenting key implications for nonprofit leadership and future research, including the recommendation that leaders need to analyze earmarking processes as well as how these processes affect organizations and to what ends money may be used.

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Author Biographies

Ola Segnestam Larsson, Ersta Sköndal Bräcke University College Score at the Stockholm School of Economics and the Stockholm University

Ola Segnestam Larssonis Assistant Professor of Management at Ersta Sköndal Bräcke University College and an affiliated researcher at Score. His research focuses on organizational and management issues in civil society, including nonprofit management education and nonprofit welfare service providers.

Susanna Alexius, Stockholm School of Economics Stockholm Centre for Organizational Research (Score) SE-106 91 Stockholm

Susanna Alexiusis Associate Professor of Management at Stockholm University and an affiliated researcher at Score. Her research deals primarily with the relationship between different types of organisations and their surroundings, and she is active in the research program "Organising Markets".

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Published

2021-07-07

Issue

Vol. 11 No. 3 (2021)

Section

Articles

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