Friday, August 15, 2008

GoErie.com: Nonprofits welcome 'good' stress

GoErie.com: Nonprofits welcome 'good' stress: "Those are the kinds of decisions that nonprofit boards in the Erie area have to face, as they make plans for the money they have received from the Erie Community Foundation, courtesy of the anonymous donor who gave the foundation $100 million to distribute.

We cannot presume to give advice to the 46 agencies, educational institutions, religious groups and other recipients about how to spend this new money. The donor expressed hope that the beneficiaries create endowments for their agencies through the Community Foundation. Endowments can help provide a sense of security that resources will be available as a safety net or to help an agency grow physically or expand its services"

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