President George H.W. Bush talked about "a thousand points of light," the nonprofit groups vital to the quality of life for millions of Americans. Those lights are dimming. In the economic downturn, 10 million workers have lost their jobs, and the number of unemployed is increasing by half a million a week. That means more people rely on help from the nonprofit sector, not just for culture and education, but for healthcare and food. Art museums, schools, health clinics and food banks are precariously short of money. Will foundations and individual donors augment their giving, or tighten their own belts? Barack Obama's fundraising success has been part of the problem. Will he help find the solution?
Nonprofits Suffering in Economic Slump
David Hamlin - Publicist, Weisman Hamlin Public Relations, Antonia Hernandez - President and CEO, California Community Foundation, Jonathan Fanton - President, John D. and Catherine T. Macarthur Foundation, Diana Aviv - President and CEO, Independent Sector