Jillian Manus | Associates Literary Agency | Manus & Associates | Book Club
When The Bottom Line Isn't The Bottom Line
by
Jenna SchnuerCompanies discover that focusing on
charity and profits at the same time is just good
business.
Tossing a buck or 2,000 toward her favorite charitable
organizations just didn't do it for Jillian Manus. So when she
joined her mother's already-established literary agency 15 years
ago, she decided to overhaul the business plan a bit. Now, about 80
percent of Manus & Associates Literary Agency's profits - at
least $500,000 per year - go to support literacy and education
efforts, women's issues, and other groups. "It was the thought that
instead of just writing checks from my own funds, I could generate
more money for charity with the business," says Manus, the
company's president.
When she first set out, Manus didn't have a model for what she
wanted to do. "I made it up because my ability to give was
limited," she says. When she was considering making the move to her
mother's firm, she "was just thinking that in my next job I wanted
to love what I do and give as much as I can." Luckily, Mom bought
into the plan. "She was always philanthropic," Manus says of her
mother, Janet Wilkens Manus.
All of the charities are handpicked by Jillian Manus, although her
employees are encouraged to suggest places that could use a bit of
help. A large portion of the funds the company hands out goes to a
set list of organizations, including the Bring Me a Book Foundation
and College Track, but about 10 percent is held back as a flexible
give to be used on an as-needed basis.
At Manus & Associates, the literary agents get a commission
from the 15 percent fee the agency collects when they sell a book
to a publisher. Another piece of the fee goes to overhead, and the
rest goes to nonprofits, says Manus, adding, "We never show a
profit because we're not profitable." But don't mistake
not-profitable with not-serious: Manus was the agency behind such
big books as The One Minute Millionaire and Cane
River (yes, the same book Oprah chose for her Book Club). "We
sell 99 percent of the projects we take on," Manus says.
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