Ontario’s not-for-profit sector has been hit hard by the recession, with no clear end in sight, says a new study by the Ontario Trillium Foundation (OTF).
The grant-making foundation interviewed a hundred of its grantee organizations last January to find out how they were coping with the economic bust, and interviewed them again in the fall.
Three-quarters — 75 organizations — reported they were feeling the effects of the economic downturn compared with 30% who responded similarly in January.
Most say a significant decrease in corporate and individual donor support in 2009 has had a negative impact on their programs and services.
“The biggest challenge facing non-profits is keeping their eye on the long term,” said Robin Cardozo, CEO of OTF. “Because of these short-term donation crises, many organizations are focusing entirely on the day-to-day.” Read More
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