November 27, 2008
'Social Capital' Is a Charity's Best Investment
The twin crises on Wall Street and Main Street will put many nonprofit organizations in a double bind: Demand for their services will soar just as their sources of money grow scarcer. As corporate donors disappear, individuals anxiously hoard their diminishing assets, foundation endowments dip or dive, and government money is directed elsewhere, food-pantry cupboards may go bare, along with the coffers of organizations that focus on a range of other causes and services. This all-too-possible
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