Opinion: Nonprofit groups face tough challenges to survive during economic drought | NJ.com: According to Philanthropy News Digest, P/PV appears to have been a casualty of the downturn in the economy. Simply put, it could not generate the revenue it needed to meet its expenses.
“Like so many other nonprofit organizations, P/PV was hit hard by the recent recession,” said P/PV President Nadya K. Shmavonian. “Over the last few years, we have worked to chart a new, sustainable path forward. We were able to secure generous core support from several private funders, and in April of last year, we made difficult staff cuts across the organization. Unfortunately, these changes were not enough to keep us competitive as a small, mission-focused agency — not without long-term funding to cover our core operational expenses, particularly those related to distilling and disseminating knowledge.
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