Advisor_10/21/08_Quote
October 2008
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“The current economic turmoil is fundamentally different from any previous experience, and it will impact charitable giving. With one third of nonprofits in economic distress prior to October, this may be a tipping point that drives mergers and dissolutions. Donors who have to change their lifestyle to accommodate the new economic realities will expect nonprofits to do the same.”
— Oct. 17, Ron Mattocks, author of “The Zone of Insolvency: How Nonprofits Avoid Hidden Liabilities & Build Financial Strength” commenting on the post “A Multi-Year Drop in Giving Ahead?” on the Chronicle of Philanthropy’s Give & Take blog.
— Oct. 17, Ron Mattocks, author of “The Zone of Insolvency: How Nonprofits Avoid Hidden Liabilities & Build Financial Strength” commenting on the post “A Multi-Year Drop in Giving Ahead?” on the Chronicle of Philanthropy’s Give & Take blog.
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