October 16, 2008
After the Fall
Financial crisis is affecting nonprofit groups in myriad ways
As signs continue to indicate that the crisis in the nation's financial markets will spill over into a full-blown recession, stock-market volatility and the credit crunch are hitting foundations and charities in myriad ways.
Initially, the market's plunge primarily affected investment returns at the nation's biggest nonprofit endowments. Now the troubled economy is stymying fund raising, hurting nonprofit groups that need to pay back loans for construction costs, and in some cases,
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