April 9, 2009
Tough Times Require Change Throughout Philanthropy
Americans are all too familiar with the ups and downs of the tech, housing, and stock-market bubbles. Now we are learning that there has been a "nonprofit bubble," too.
The nonprofit world grew rapidly as a result of generous giving while the economy was booming. But the financial crisis has crippled nonprofit groups, shrinking their investments and the endowments of the grant makers that support them.
As if that weren't enough, Bernard Madoff's Ponzi scheme has had a
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