February 26, 2009

Failed Wall Street Titans Can Learn From Nonprofit Leaders

By Grant Oliphant

The economic collapse has caused woes for all parts of society, especially for the nonprofit world, where endowment assets are dwindling, sources of donations and government aid are drying up, and demand for resources has skyrocketed. But there is at least one small reason for nonprofit workers to smile through the pain: Perhaps this ordeal will finally lay to rest two persistent myths that have plagued philanthropy for far too long.

Myth No. 1 is that foundations and nonprofit groups

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