April 24, 2009
On April 16, the Times has an article called “Colleges Ask Donors to Help Meet Demand for Aid.” In it the writer, Stephanie Strom points out something important that many people don’t know. “Laws in roughly half the states prohibit charities from spending out of endowed funds that have fallen below their initial value, which [...]
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April 23, 2009
Things are tough in the non-profit world these days. A recent survey of 986 non-profit leaders conducted by the Non-Profit Finance Fund, an organization that provides loans and other financial services to non-profit groups, found that only 12% expect to operate above break-even this year and 31% only have one month of operating cash on [...]
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