Corporate Giving in Uncertain Times

As the national economy sinks deeper into recession, the nonprofit sector is starting to feel the same anxiety that has beset the financial, housing and retail sectors.

Nonprofit groups fear that companies forced to tighten their budgets will start by reducing or eliminating their philanthropic programs. While corporate giving constitutes only about 5 percent of all donations nationwide, any cuts could have significant impact on programs and organizations.

Full-text article by Clay Holtzman is available via MSNBC.com, 5.11.08.