April 9, 2009
Survival of the Fittest?
Charities, foundations struggle over restructuring in sour economy
For years, many foundation leaders and nonprofit experts have argued that the nonprofit world is bloated and in bad need of consolidation.
The deep recession seems likely to fulfill that vision — even though few people are taking any joy from what will surely be a painful process.
Many charities have already sharply reduced their budgets, due to declines in donations, fees, endowment income, and state government support. But most experts believe the worst is yet to