Are You Prepared for a Long Recession?

July 21, 2008

Are You Prepared for a Long Recession?

Charities can expect a long recession, or so comments made by Secretary Henry Paulson on Sunday suggest.

Speaking on CBS’s Face the Nation, Mr. Paulson said the challenges facing the U.S. economy will continue.

“I think it’s going to be months that we’re working our way through this period — clearly months,” he said.

As a result, charity leaders who were hoping for a quick economic turnaround should be preparing for long-term turbulence, writes the anonymous author of Don’t Tell the Donor.

“Fund raisers need to prepare for the fact that there will be no recovery in 2009,” she writes. “This is not a typical six-month recession… and all those ‘expert’ fund-raising jokers who are out there saying that they have 30 years of experience fund raising and have survived many recessions in the past should be reminded that we need to be prepared for an extended period of fear and economic stress.”

For advice on how to raise money during a difficult economy, check out the following resources:

Tips from experts on fund-raising strategies that work well during recessions.

A historical look at recessions and fund raising.

A live discussion on the economy.

A live discussion on grant making during difficult economic times.

(A paid subscription or temporary pass is required to view the some of these articles.)

— “Peter Panepento”“:mailto:peter.panepento@philanthropy.com

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Are You Prepared for a Long Recession?