The Economy, Nonprofits, and Local Philanthropy: A Timely Discussion


The possibility of an economic stimulus package is filling the national headlines, but the story isn’t only a national one. The Virginia and Maryland legislatures and the DC Council are facing budgetary realities that may have significant impact on the nonprofits you support and the funding requests that you receive. A recent special report in the Chronicle of Philanthropy states that nonprofits are “bracing for tough times” as the economy continues to falter.

This coming Tuesday, Washington Grantmakers will host a Regional Budgets Briefing with the Nonprofit Roundtable. We’ve arranged for local and national experts to give us a look at how budget challenges in DC, Maryland, and Virginia will have dramatic consequences for area nonprofits and the issues on which we all work.

Our panel will be comprised of: Stephen Fuller (GMU Center for Regional Analysis), Ed Lazere (DC Fiscal Policy Institute), Neil Bergsman (Maryland Budget and Tax Policy Institute), and Michael Cassidy (The Commonwealth Institute)

If you would like to attend, please email clansky@washingtongrantmakers.org.

These articles offer more information on some of the challenges facing our region and the field of philanthropy:

Bracing for Tough Times (Chronicle, 2/7)
Charities Vow to Fight Proposed Cuts in Federal Budget (Chronicle, 2/6)
MD Gov. O’Malley proposes budget (MD Nonprofits, 1/17)
Response to VA Gov. Kaine’s Budget (Commonwealth Institute)