March 12, 2009
One in Five Charities Considering Mergers to Help Survive Hard Economic Times
Nearly one in five charity leaders are looking at mergers and acquisitions as a potential way to ride out the turbulent economy, according to a new survey. A poll of 117 executive directors taken in November found serious interest in merging with other nonprofit groups.
A related study found that nonprofit organizations merge at almost the same rate as for-profit businesses.
That study analyzed 11 years of merger filings in Arizona, Florida, Massachusetts, and North Carolina
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