Friday, February 20, 2009

Charities going bankrupt

The bad economic news continues. The Times has a piece about the growing number of non-profits declaring bankruptcy in recent months.

One thing I'm curious about though, reading through the massive debt and mislaid plans of these organizations is if we're looking at some "weeding out" of badly managed groups. Some of what they were doing and the debt they were taking on sounds nutty.

article at NY Times

1 comment:

Anonymous said...

I also think a few of their methods are suspect. I think the donations where you actually get something in return are, although not quite charity, the most effective ways for charities to raise money. for example, you can buy a charity single by Dec from Ant and Dec for not much, but most of it goes to charity. You get something for your money, and the charities get a little bit of cash too.. Have a look: