Philanthropic World Laments Fiscal Woes

September 17, 2009, Jewish Telegraphic Agency — As they prepare to offer loved ones Rosh Hashanah greetings and wishes, many people in the Jewish nonprofit world would probably like to wish away 5769.

At this time last year, most economists were aware that the recession was on our doorsteps. The financial institutions Bear Stearns and Lehman Brothers had already collapsed, the housing market was in the tank, and joblessness was on the rise.