Monday, December 3, 2007
The Washington Post reported on November 26, 2007, about a recent study showing that charitable donations are worthwhile investments. The study, according to the Post, demonstrates that "nonprofit organizations contribute at least $9.6 billion to the Washington region's economy and often deliver services in more fiscally prudent ways than the government." The Nonprofit Roundtable of Greater Washington conducted the study of over 7,500 nonprofits in the Washington metropolitan area and published its results in "Beyond Charity: Recognizing Return on Investment." The study, sponsored by the World Bank and Nonprofit Roundtable, is believed to be the "first attempt in the nation to measure the economic and social impact of nonprofits."