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What a Recession Could Mean for Nonprofits

A looming possible recession could very well cut into philanthropic giving -- large and small -- writes Suzanne Perry on Give & Take. Perry notes that many nonprofits figured out creative ways to generate revenue during the economic doldrums of the 1980's. I wonder if the next couple of years will feature so-called "for-benefit" nonprofit business plans prominently in part because they will be more financially viable than donor income? An insider tip from Perry: nonprofits stand to gain talent from a tightening business environment during recessions. Time to beef up the board.

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