THE NON-PROFIT TIMES: RECESSION-FIGHTING IDEAS FOR PHILANTHROPY

“How can a half trillion dollars of tax-exempt assets sitting in foundation coffers help the U.S. overcome the deepening national economic recession? As the Rockefeller Foundation observed in July based on a public opinion survey co-sponsored by Time Magazine, Americans are engulfed in feelings of ‘economic insecurity,’ an ‘obsolete’ social contract between government, business, and workers, and have little faith in future economic prospects.

How can our society not call on foundations and their wealth to play a major role at this moment of near economic freefall?”