JewishJournal.com: "And the philanthropic world is becoming increasingly fearful about what seems to be a perfect storm brewing against the financial world.
While most philanthropy professionals feel some anxiety now, they are bracing for what could be a calamity in the world of charitable giving.
At its worst, they say, the stock and real estate markets could continue to slide and large foundations could be forced to cut their allocations significantly, smaller donations from the middle class could dry up and what has been a renaissance in Jewish programming over the past several years could come to a screeching halt. Also, the dollar's decline could continue to stretch the budgets of Israeli nonprofits.
At its best, the economy could stabilize and there could simply be a short-term slowing of philanthropic dollars -- a slowing that already has started."
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