Nonprofit Leader Predicts Longer Recession for Nonprofits
Sunday June 28, 2009
Last week, Ruth McCambridge, editor of The Nonprofit Quarterly, said that the recession for nonprofits will likely last longer than we thought.
McCambridge said, in a speech at the Clinton School for Public Service, that the assets of foundations have fallen precipitously, and that nonprofits will have to turn to other sources for funding. She urged nonprofits to become "creative" in their approach to filling the gap between foundation funding and their ongoing needs.
Source: Forbes.com
In a related article, TheNonProfitTimes reports on a Bridgespan report that reveals five things nonprofits are doing to survive the hard times.
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Sadly, I think this is very true. My own nonprofit not only saw a 95% decrease in cash donations (which were already tough enough to get!) we have not been able to procure grants or other outside funding now in over a year.
To make our financial burdens even tougher, the demand for our services (free medical supplies for people in crisis) increased more than ten fold as people lost their jobs and insurance.
At a time where more people need the resources and services often only available through nonprofit organizations, we find ourselves with fewer resources than ever before.