Saturday, April 10, 2010

Sacramento’s Nonprofits, Challenges

The economic downturn and the reduction in government funding has created troubles for local nonprofits, as reported by the Sacramento Business Journal.

An excerpt.

“The region’s nonprofits are in greater demand than they have been in many years, but cuts in government funding, high unemployment and companies going out of business have challenged their funding networks.

“At the same time, this crisis is creating opportunities for nonprofits to reinvent how they operate, find funding and appeal to donors.

“We asked 13 local leaders about the impact of the economy and changing dynamics in the philanthropy sector as part of a recent informal discussion hosted and moderated by the Business Journal. The group also talked about how companies are missing marketing opportunities associated with their philanthropy and how nonprofit organizations are having trouble finding good executives and board members.”