November 27, 2008
100,000 Nonprofit Groups Could Collapse in Next Two Years, Expert Predicts
More than 100,000 nonprofit groups nationwide will fail within the next two years, including a few "big brand-name nonprofits," a scholar of philanthropy and government told charity leaders assembled here to discuss the fallout from the nation's financial meltdown.
Paul C. Light, a professor of public service at New York University, said that grant makers and others should focus resources on strong organizations and pull the plug on those that are likely to fail.
The problems
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