Financial Relief and Community Service: Helping Nonprofits Weather the Financial Crisis

Abstract:

The financial crisis’ impact on nonprofits is not on policymakers’ radar screens. Bailouts for banks and corporations abound, but not a dime for nonprofits. Yet, these organizations are on the front lines being whipsawed by the downturn in the economy—their resources are shrinking just as demand for the many services they provide mounts. The time is ripe to consider immediate cash and credit relief for hard-hit organizations, along with a robust effort to enhance community service opportunities that would build skills, draw on experience, and benefit organizations and the communities they serve.