July 2, 2009
Grant Makers Should Take Risks to Build a Better Society
To the Editor:
The current U.S. economic recession continues to wreak havoc on the economy, jobs, and livelihoods. All of us in the nonprofit world have been severely impacted.
Many foundations have seen their assets decline by 30 percent or more since the crisis began.
As individuals, corporations, and foundations give less, nonprofit groups are preparing to slash their budgets, lay off employees, and do more with less, with significant impact on the communities they
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