Jan. 25, 2009, Forbes — When the Chronicle of Philanthropy released its annual report on nonprofit salaries in October 2009, several journalists responded critically by accusing well-compensated nonprofit chief executive officers of being driven by financial gain rather than belief in the cause and by suggesting that these "bloated salaries" represent irresponsible spending by the entire nonprofit sector. (See "Nonprofit Millionaires.") While this is certainly not the first time a public debate has been waged over nonprofit salaries, this time around the especially harsh allegations of bloated CEO salaries in the nonprofit world seem fueled, in part, by public outrage over of the pay packages earned by corporate executives. This misplaced anger amounts to kicking nonprofits while they're down.
October 7, 2009, Forbes - In an age of packed schedules and dwindling funds, we may not feel we have the time or money to devote to charitable giving. Fortunately for the thousands of nonprofit organizations struggling to provide critical services to our communities in this challenging economy a new wave of young and innovative social entrepreneurs has created inventive Web applications to accomplish the seemingly impossible: to spur charitable giving during a recession and to allow us to give without even opening our wallets.
July 16, 2009, Forbes.com — By now all of us have heard the ominous warnings about the "unraveling of the social safety net." But what does this really mean? And what can we as private citizens who have also been--both personally and professionally--deeply affected by the financial crisis do to repair it?
May 29, 2009, Forbes.com — So how has the current recession affected your philanthropy? For many donors, a reduced asset base has meant refocusing their charitable giving. Some are shifting priorities, choosing to focus on the communities and issues hit hardest by the economic downturn; others are adjusting gift amounts to reflect changes in their finances and still others see the recession as an opportune time to revisit their legacy plan and review and rethink the question of what kind of legacy they hope to leave. They are taking a hard look at the charitable designations named in their estate plans, which, for many, is a long overdue exercise, since interests, intent and financial circumstances will have changed since the estate plan was first drafted.
April 27, 2009, Forbes.com — We all know what is happening in the stock market and with investment portfolios ? it's hit almost all of us where it hurts most: in the pocketbook. One sector where this is particularly evident is philanthropy, where there's been a veritable paradigm shift in how we think about what it means to be charitable. While the passion and concern that drives many charitable interests may not have changed, the capacity to give to the causes they care about has changed for many people.