As part of its look at the budding American recession, BusinessWeek runs an article painting a dreary immediate future for the charitable world, as non-profits face budget shortages and corporate philanthropy faces shrinking profit margins.
The story quotes Fundermentalist favorite Richard Marker:
The pain is likely to be visited first, and most harshly, on organizations that provide direct human service—food and shelter, says Richard Marker, a philanthropy adviser and New York University professor. Such nonprofits depend on individual donors and have virtually no corporate support, according to Marker. As a result, they’re affected as soon as people begin feeling financially insecure.
