Thursday, August 13, 2009
The Chronicle on Philanthropy reports the results of a survey conducted by Campbell and Company. The survey looks at different strategies nonprofits are using to survive the recession. Of the nonprofits surveyed, 47.4% have laid off employees and about half have instituted salary freezes. 51.4% of nonprofits have lower budgets this year, but 24.4% have increased the size of their budgets. The remaining nonprofits have budgets that have stayed the same. This new survey shows that layoffs are being used by more nonprofits as the recession lingers.