EVEN PHILANTHROPIES PITCH STIMULUS PLAN, BUT NONPROFITS MUST WALK DELICATE LINE
Submitted by giarts-ts-admin on January 16, 2009
“We calculate that philanthropy has lost well over $200 billion in its endowment value in the United States,” Gunderson said. “What we’re looking at is how to best create the environment to grow philanthropy.”
Still, despite the seemingly cavernous vault of government cash, tax breaks and other incentives that an eventual stimulus plan undoubtedly will offer, Council on Foundations CEO Steve Gunderson said he must be patient about aggressively approaching lawmakers, hat in hand.
“We’ve been very careful to make sure that we don’t advocate special interest legislation at a time of economic crisis, so we’ve crafted our agenda on those items,” he said. Read More.