Saturday, May 9, 2009

Helping Themselves

Nonprofit organizations -- facing cuts in government aid, investment losses and a decline in donations -- have been experimenting with new ways to stay afloat. Besides cutting costs and eliminating waste, they're thinking more creatively about how to use volunteers, garner new donations, strengthen ties with existing donors and create projects that generate additional income.

"Necessity is the mother of invention," says Melissa Berman, president of New York-based Rockefeller Philanthropy Advisors. "As financial resources dry up, people have the impetus they need to be creative about where to get help and how to keep their mission going."
Read more on strategies being used by some charities...

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