Word: nonprofiteers
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Dates: during 2000-2009
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...than 5% swing in the other direction. And it's gotten even worse than that: during the relatively severe downturn of 1974, giving declined 5.4%. Given that the current crisis seems unprecedented in its scope, no one is willing to predict just how bad things might get for the nonprofit sector. "The ramifications are absolutely going to be huge," says Gordon J. Campbell, CEO and president of United Way of New York City...
That's exactly the sort of recessionary rationalization that charity leaders fear. For now, nonprofits are preparing for winter by paring back on nonessentials, even as they look to expand their base of donors. If the downturn is prolonged, we might see consolidations in the nonprofit sector, just as there have been in the business world. Ultimately, though, Americans will need to depend on the generosity of Americans. And the hopeful surprise is that in past recessions, donations to human services, like feeding the hungry, fell the least; in some downturns, they even rose. "That says something good about...
...main indices measure consumer confidence in the U.S., where consumer spending accounts for about two-thirds of the economy. One is a monthly report by the Conference Board, a nonprofit supported by business executives. The University of Michigan publishes a similar monthly survey. During the summer, despite high gas prices and swings in the real estate market, consumer confidence edged upward to hover at a fairly strong level, considering the mounting bad economic signs. The Conference Board put its consumer confidence rating at 59.8 for September, a slight improvement from 58.5 in August. Compare that with the index's nearly...
...Grossman said. “And I began to wonder if I could use my managerial and organizational leadership skills to build social value in addition to economic value.”Grossman decided to sell the company he had inherited from his father and enter the nonprofit sector. He volunteered for a few years and did pro bono consulting for the Rockefeller Foundation. But Grossman said he found his calling when he was selected in 1991 to be the chief executive of Outward Bound USA.“It truly was a phenomenal experience, and during my time...
...issue has been consistently overshadowed, especially amid the financial crisis that has erupted in recent weeks. "If Bill Gates is throwing in the towel, there's no hope for the rest of us to get education on the agenda," says Arnold Fege, advocacy director for the Washington-based nonprofit Public Education Network...