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It can totally happen. Funding commitments are gone fast when a crisis hits. People start cutting costs and start trying to find ways to reduce expenses. Giving
by whoisjuan 7y ago
It can totally happen. Funding commitments are gone fast when a crisis hits. People start cutting costs and start trying to find ways to reduce expenses. Giving away money it's definitely a bad idea during an economic crisis, so non-profits are hit hard.
Exhibit from the 2009 Financial Crisis: https://publish.illinois.edu/illinoisblj/2009/09/20/the-impact-of-the-financial-crisis-on-nonprofits/ https://publish.illinois.edu/illinoisblj/2009/09/20/the-impa...
A good recent article on the topic: https://www.philanthropy.com/article/As-Coronavirus-Threat/248213 https://www.philanthropy.com/article/As-Coronavirus-Threat/2...