This topic area is focused on helping nonprofit organizations share resources for dealing with a poor economical climate, and is a topical response to the unprecedented economic decline identified in early 2009.
In economics, the term recession describes the reduction of a country's gross domestic product (GDP) for at least two quarters. The usual dictionary definition is "a period of reduced economic activity", a business cycle contraction.
The United States-based National Bureau of Economic Research (NBER) defines economic recession as: "a significant decline in [the] economic activity spread across the country, lasting more than a few months, normally visible in real GDP growth, real personal income, employment (non-farm payrolls), industrial production, and wholesale-retail sales." The NBER's Business Cycle Dating Committee is generally seen as the authority for dating US recessions. Almost universally, academic economists, policy makers, and businesses defer to the determination by the NBER for the precise dating of a recession's onset and end.
from: http://en.wikipedia.org/wiki/Recession 3/17/09
see American Recovery and Reinvestment Act for information regarding the Obama administration's economic stimulus package
Nonprofit Association of Oregon (Formerly TACS) Resources for Staying Strong "Following is a list of information and resources to help your organization face emerging challenges. Over the next few months we will be working on different programs and services that are responsive to current nonprofit needs." Feb 2009 : http://www.tacs.org/news/feb09/resources_for_staying_strong
Other Community Resources
10 Strategies for Success During Times of Economic Uncertainty. The The Collins Foundation put together this list of the top 10 strategies they recommend to keep your organization well positioned for success with fundraising during this time of economic stress.
The Network for Good Learning Center. Visit the learning center to find a variety of articles and tips on fundraising and communication, including Six Ways to Survive the Economic Storm By Katya Anderson.
Managing in Tough Times. This resource center is home to a collection of informative articles published by The Bridgespan Group, a nonprofit support organization. Find 7 steps for Managing in Tough Times, and links to other helpful articles and books.
Nonprofit Economic Vitality Center. The National Council of Nonprofits’ online resource center is chock full of articles designed to help nonprofits and our allies better understand the current situation.
Opportunities in Lean Times. The Fieldstone Alliance offers advice that you can act on quickly, and tailor to suit your organization's situation. Find information on cutting costs, identifying emergency funding sources, and more.
A Guide to Navigating the Financial Crisis. The Nonprofit Finance Fund offers FAQs and insight to help your nonprofit assess risk and maintain its financial health in this
Useful Reports, Surveys, and Other Research
The National Council of Nonprofits (NCN) is producing an ongoing series of Special Reports regarding the intersection between the nonprofit sector and our nation's economic recovery. The first two reports are an analysis of the new 407-page economic stimulus legislation, the American Recovery and Reinvestment Act of 2009:
Nonprofit Fundraising Trends 2009 is a survey and report authored by Kevin Johnson of Retriever Development Counsel in collaboration with NAO and key local funders and development professionals.
Giving in Oregon, survey update. This update to the Oregon Community Foundation's 2007-2008 survey confirms an increase in the demand for nonprofit services.
Economic Challenges and the Impact on Giving. View results from a recent survey conducted by the Collins Group. The good news: results show that donors continue to give—despite the economy.
The Listening Post Project. The John Hopkins Center for Civil Society Studies developed this multi-year project to better understand how nonprofits are responding to crucial challenges and inform more effective public policy. View their recent News and Project Findings.
New Foundation Center Map Guides Nonprofits to Stimulus Dollars and Other Resources May 5, 2009. The Foundation Center has collected an extensive array of resources on how nonprofits may be able to access stimulus package funding from the American Recovery and Reinvestment Act (ARRA) of 2009. The Center's new MapShot: Best ARRA Funding Resources by State provides a state-by-state display of funding opportunities and other pertinent information.
New Foundation Center Map Guides Nonprofits to Stimulus Dollars and Other Resources
May 5, 2009. The Foundation Center has collected an extensive array of resources on how nonprofits may be able to access stimulus package funding from the American Recovery and Reinvestment Act (ARRA) of 2009. The Center's new MapShot: Best ARRA Funding Resources by State provides a state-by-state display of funding opportunities and other pertinent information.
Nonprofit social media guru Beth Kanter has compiled a resource list of nonprofit use of social media in an economic downturn:
The Chronicle of Philanthropy has compiled recent stories, live discussions, and statistics about how charities deal with turbulent times:
Nonprofits coming together to redefine how nonprofits operate in the new economic reality
From Mal Warwick's Newsletter:
Fundraising in Tough Times: A No-Nonsense Guide to Surviving in a Challenging Economy
Robert F. Sharpe Jr. has examined the effect of the Great Depression on giving, and has made some observations and predictions about the current economic crisis and its effect on charitable donations.
Access his reports on charitable giving in uncertain times here:
Read his recent memo that summarizes additional findings on research on depression giving and implications for today here:
An Oregonian's Guide to the American Recovery and Reinvestment Act
Congressman Earl Blumenaeur's office is offering this publication on his website, which describes it as "a guide for how to take advantage of the provisions in the Recovery and Reinvestment Act." It includes federal grant opportunities.
- *Oregon Information Related to the American Recovery and Reinvestment Act | oregon.gov/recovery
Official web site of the state of Oregon for the American Recovery and Reinvestment Act (ARRA). The Oregon Way Advisory Group was created to advise and assist state agencies seeking federal competitive grants by developing proposals that include innovative elements toward sustainability, renewable energy, carbon reduction, energy efficiency and green development.
- Projects in Oregon | Stimulus Watch
Listed are the "shovel-ready" projects the mayors of Oregon submitted in the 2008 U.S. Conference of Mayors report.
- Region 10: American Recovery and Reinvestment Act of 2009 (ARRA) | epa.gov
This web site provides information about the EPA's portion of the Recovery Act that will create green jobs, clean contaminated land, produce cleaner drinking water and air quality, spur environmentally-conscious urban and rural re-development, and reduce greenhouse gases.
accountable government recovery spending: http://accountablerecovery.net/
transparent government: http://openthegovernment.org/
citizen investigatory journalism: http://www.propublica.org
Economy Forces Two Big Foundations to Make Staff Reductions By Ian Wilhelm, July 17, 2009. The Chronicle of Philanthropy http://philanthropy.com/news/updates/8905/two-wealthy-foundations-make-changes-in-staff
What do we know about recovery of giving after recessions/depressions?
October 27, 2009 Meyer Memorial Trust
Economic Crisis Resource Center
a list of learning opportunities, tips, tactics, and strategies to help you navigate through the economic downturn from the Meyer Foundation in Washington DC
- history of recessions: http://en.wikipedia.org/wiki/Recession#History_of_recessions
- Business Cycle Expansions and Contractions The National Bureau Of Economic Research
- Independent Analysis of Business Cycle Conditions - American Institute for Economic Research (AIER)
And Now for Something Different About Nonprofits and The Economy
Strategies for Nonprofits Approaching a Downturn
January 1st, 2009
- RACC's Online Economic Toolkit: This online toolkit includes a collection of useful information and helpful resources for arts organizations that are working through a very challenging economy. http://www.racc.org/resources/economictoolkit.php
- Surviving Tough Economic Times: Q&A With Clara Miller, President/CEO, Nonprofit Finance Fund: http://pndblog.typepad.com/pndblog/2008/11/hard-headed-str.html
Surviving an Economic Recession as a Non Profit: http://givingsolutions.wordpress.com/2009/01/19/surviving-an-economic-recession-as-a-non-profit/
The Nonprofit’s Guide to Surviving a Downturn:http://www.nytimes.com/2008/11/11/giving/11ARTS.html?ref=giving
- Earl Blumenauer issued An Oregonian's Guide to the American Recovery and Reinvestment Act, which explains how to take advantage of the provisions in the federal stimulus bill, formally called the American Recovery and Reinvestment Act (ARRA). http://blumenauer.house.gov/index.php?option=com_content&task=view&id=1432
- Oregon Center for Public Policy fact sheet: "How Will the Federal Recovery Package Help Struggling Oregonians and the State's Economy?" http://www.ocpp.org/cgi-bin/display.cgi?page=fact20090227Eco2
see related articles on wikipedia:
- Economic depression
- Economic stagnation
- Great Depression - August 1929 to September 1939: longest (and deepest) recession of the 20th century
- List of recessions in the United States - A list of important recessions in the United States
- Late 2000s recession
Causes of recessions
- Crisis theory
- Tendency of the rate of profit to fall
- Currency crisis
- Energy crisis
- Financial crisis
Effects of recessions