Monday, February 23, 2009

Charities are going bankrupt...

Banks are spoken about being nationalized.
What's next?

The New York Times on 20Feb08 ran an article about the struggle nonprofits are enduring, forcing many to close, entitled "Charities Now Seek Bankruptcy Protection" by Stephanie Strom in which she said:

"While no one has compiled data on how many charities have turned to courts for protection, experts in the field say it has become more common as nonprofits have been pressured by donors to operate more like businesses."

That's what we do-help nonprofits think and act more like businesses, especially in their cash flow. Can we help you?

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