Nonprofits face decline in public funding

With the U.S. economy stuck on pause, or perhaps headed for a double-dip recession, nonprofits must plan for the possibility that public funding may never fully rebound and even may continue to shrink, a new report says.

And with the rise in unemployment, which historically has correlated to a drop in individual giving, and with flagging consumer confidence, "it is unlikely that philanthropy will be able to shoulder the decline in public finance," says the report "The Public Finance Crisis: Can Philanthropy Shoulder the Burden," by Changing Our World.