October 2, 2008
How Bad Is It?
Economy's downturn prompts new challenges for charities
The cataclysm in the nation's financial industry poses an uncharted set of challenges for nonprofit organizations. The downturn could potentially affect not just private giving, but money charities get from government sources — and it is hitting at a time of year when many charities get the bulk of their donations. What's more, for groups that serve the needy or others harmed by the economy, demand for aid is on the rise.
"This is a perfect storm of bad omens for
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