October 30, 2008
Nonprofit World Could Emerge Stronger From Economic Crisis
As the worldwide business crisis has deepened, the prospects for philanthropy have looked increasingly bleak. Fears of sharply reduced donations, plummeting endowments, and cutbacks in government support have swept through the nonprofit world. With unemployment rising and many homeowners facing trouble paying their mortgages, heightened demand for food, shelter, job training, and other kinds of assistance loom as well.
Since the full extent of the economic downturn is still unknown,
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