Friday, January 8, 2010

2010: Daunting Challenges Face the Nonprofit World

The nonprofit world is about to face the toughest year in its history. By every measure, 2010 could be far more painful for charities and the people they serve than any other they have known.

Already many charities have been weakened by one of the longest recessions America has witnessed.

The Chronicle of Philanthropy's annual ranking of the 400 charities that raise the most money found that, by year's end, the nation's top organizations expect a median decline of 9 percent in donations, meaning half will see giving drop even more starkly.

The search for money to finance charitable work will grow more competitive than ever, as state governments and private foundations cope with coffers that have dropped sharply in value over the past two years.

Read the rest of the Chronicle of Philanthropy article here.

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