May 21, 2009
A Stream of Hope?
Many charity leaders see a lifeline in the federal stimulus law, but others worry smaller groups will be left out
Like many nonprofit executives, Robert B. Jones has been scouring the fine print of the economic-stimulus law that was enacted in February. The legislation provided about $575-billion in federal money for projects to pull the country out of recession by creating and saving jobs — and charities are lining up to seek a piece of the pie.
"We're going full-bore on applying for everything we can," says Mr. Jones, president of Children's Aid and Family Services, in Paramus,
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