How Will Non-Profits Survive?
It’s not easy being a non-profit. Moderator Paul Vandeventer, president of Community Partners, launched Zócalo’s panel on non-profit survival during the economic crisis with sobering statistics, while many in the full house jotted notes: Private foundations have seen their portfolios sink by 30 to 40%. Forty-four states are facing budget shortfalls, and half of them are planning cuts in social services and healthcare. One estimate predicts up to 10 million Americans will fall below the poverty line. Non-profits are feeling the pain. In a survey of 260 organizations by the …
