Thursday, October 2, 2008

As Market Drops, Charities Worry

In recent weeks, articles about the problems in the financial markets have sometimes referred to the worries that charities will see significant drops in donations in the coming years.  Pledges made this year may be met, but going forward things will get tighter and tighter.  At a recent conference (see story in the Chronicle of Philanthropy) sponsored by Nonprofit HR Solutions, Lester Salomon, Director of the Center for Civil Society Studies at the John Hopkins Institute for Policy Studies says the government will have to step up.  Others at the conference noted that the government may be looking increasingly to the nonprofit sector to provide needed services.  Unfortunately, the problems on Wall St. will affect all of us, and neither the government nor charities will have as much to spend on solving the many problems that need attention.

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