November 13, 2008
Nonprofit Boards Urged to Focus on the Challenges Posed by the Economy
Given the sour economy, charities must make tough decisions in the months ahead that will be critical to determining whether they survive, Rebecca W. Rimel, president of the Pew Charitable Trusts, told board members and other nonprofit leaders at a meeting in Washington last month.
"Compared to a year ago, we are all 20 to 30 percent poorer in terms of resources. Every one of our endowments has been impacted," Ms. Rimel told the annual conference of BoardSource, an organization that
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