Dealing with the Downturn

Future Concerns, predictions, and strategies for New York’s non-profits

BY JILLIAN BLUME

Considering the shake-up on Wall Street, it’s doubtful the first thought on most people’s minds is philanthropy. Anxiety about paying the mortgage or rent and the demise of retirement funds pushes season tickets to the opera or donating money to maintain and improve our public parks to the bottom of the list. But even with the end of the year approaching, signaling the last chance to get in on those enticing charitable gift deductions, non-profit organizations are not experiencing – or expecting – “the gift of giving.”

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