Newly Formed Edward Charles Institute for Nonprofit Mergers and Acquisitions Focused on Helping Charities Hurt by the Recession

According to Glenn Collins of the New York Times, “Some 85 percent of the New York City’s nonprofits have annual budgets under $3 million.”

“And most of them don’t have endowments or cash reserves,” said Fran Barrett of the Community Resource Exchange, which provides management and financial help to about 300 community groups. “Some smaller organizations will have to shut their doors.”