A Conceptual Framework For Not-For-Profit Sustainability: Renovation Or Reconstruction?

This paper identifies how a stewardship approach can enhance Not-For-Profit (NFP) sustainability, advocates a NFP-specific conceptual framework, and illustrates the potential of a stewardship foundation to resolve NFP financial reporting issues. Archival sources are used to examine contentious conceptual framework and NFP financial reporting issues. Concepts are theorized through metaphor. There is a need for accounting practices that provide a complete picture of NFPs' financial realities. A conceptual framework based on a stewardship approach can make such a contribution.