Nonprofits Escape Economic Slowdown

One sector of the economy that seems to be thriving is the philanthropic sector. According to the Chronicle of Philanthropy, "Twenty donors made gifts of $100 million or more last year, just shy of the record of 21 such gifts made in 2006, according to The Chronicle's annual ranking of the 50 most-generous Americans. And despite a turbulent economy, fundraisers seeking donations of $10 million or more predict another strong year of big gifts in 2008."

Full-text article by Bonnie Erbe is available via U.S. News & World Report, 1.28.08.