Recession Forces Nonprofits to Merger

NPR's The Two-Way blog featured a recent post by Frank James about an article in the Wall Street Journal discussing how the victims of the recession have been non-profit groups, many of which has as their mission helping, among others, victims of the recession.

The Wall Street Journal reports that non-profits that relied on the kindness of strangers in order to house the homeless, feed the hungry or provide educational opportunities for low-income students have themselves fallen on hard times.

The post goes on to relate that the WSJ reports that the positive development is that weak nonprofits are closing their doors, while other nonprofits are merging. Read more here.

Although many have their own reactions to this WSJ article and the NPR post, mergers and collaborations are an important option for nonprofits to consider, and more and more organizations are doing so. Have questions about mergers, or how your nonprofit can receive information and assistance? Visit the NY Council of Nonprofits or e-mail us.