Thursday, December 18, 2008

The NonProfit Times - Giving And The Recession

The NonProfit Times - The Leading Business Publication For Nonprofit Management: "Giving And The Recession

By Patrick M. Rooney

Is the wolf at the door, or just passing through the neighborhood?

Right now, it’s hard to know precisely what the economy’s effect on nonprofits and charitable giving will be, but current signs are not encouraging, and it’s unlikely the nonprofit sector will escape unscathed.

The U.S. Gross Domestic Product (GDP) is estimated to have declined three tenths of one percent during the third quarter of 2008. Many other economic indicators are also down. Endowments have felt a significant impact from the Wall Street meltdown, and some nonprofits are reporting increased demands to meet basic needs."

No comments: