Nonprofits can survive the storm if they plan properly - The Advocate

Nonprofits can survive the storm if they plan properly - The Advocate: "Nonprofits can survive the storm if they plan properly
By Dannel Malloy
and Len Miller
Posted: 12/09/2008 12:19:40 PM EST

We are in the midst of an economic crisis that will last for some time. This economic slowdown will more than likely have a serious negative impact on the nonprofit sector that will be worse than the impact following the 9/11 tragedy. Not long after 9/11, we called together some members of the community, and McKinsey & Co. prepared a report and made recommendations to the nonprofit community. In addition, the Collaborative Alliance was formed to help and encourage nonprofit organizations to work more closely together."