Meet with your finance committee now: Lessons from the Great Recession’s impact on charitable giving amidst current market shocks
ASU Lodestar Center
MARCH 18, 2020
Remember the global financial crisis (GFC), aka the Great Recession, of 2007-2010? For the nonprofit sector, the GFC wreaked havoc on donations and budgets. According to a study by The Russell Sage Foundation and The Stanford Center on Poverty and Inequality, the GFC reduced total giving by 7 percent in 2008 and by another 6.2
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