This morning, WPLN featured a story about CNM’s strategy to help the nonprofit community during the economic crisis:
CNM Sends Out Warning to Non-Profits
Thursday, October 02nd, 2008The Center for Non-Profit Management sent out a warning to local charities today, suggesting they batten down the hatches. And if they’re not feeling the current economic crisis, they will.
CNM works with 750 non-profits around Middle Tennessee. President Lewis Lavine says many are fairing well so far. Charities are raising money and donations without too much trouble. He says foundations with significant investments will see a more immediate impact from the financial fallout. But the worst is yet to come. Lavine recalls after September 11th, 2001, the toughest time for non-profits wasn’t until late 2002.
“So we’re concerned that 2009 may be a tough year for the non-profit community generally.”
Lavine says the non-profit world nearly always trails the business cycle.
The Center for Non-Profit Management has schedule four free sessions starting next week to help agencies plan for weathering the economic storm.
By Blake Farmer

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