It is a nerve-wracking time for a lot of nonprofits, “in part due to stock market volatility, in part due to inflation, in part due to potential for recession,” said Rick Cohen at the National Council of Nonprofits, who adds what happens with the stock market can negatively affect organizations in a couple of ways.
For one, some nonprofits have endowments, or investments.
“They see decreases in those, which makes them less able to deal with whatever the next crisis facing us is,” he said.
Source Name:
Marketplace
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