Impact of Federal Debt Ceiling Agreement On Nonprofits
Posted by on August 08, 2011
Impact of Federal Debt Ceiling Agreement On Nonprofits
R. Andrew Swinney, president of The Philadelphia Foundation, shares his thoughts on the challenges ahead for the nonprofit sector.
Along with the rest of the nation, The Philadelphia Foundation has closely watched the debate about raising the debt ceiling. Now that an agreement has been reached, it’s important that we all remain vigilant as the implementation of this historic compromise unfolds.
The unanswered question: Does the agreement only “prop up” a ceiling that could still come crashing down on many nonprofits and the vulnerable populations they serve?
As the region’s oldest and largest community foundation, our work involves strengthening nonprofits who serve those in need. Among those served by these organizations are the elderly, the unemployed, the homeless and families facing foreclosure right here in Southeastern Pennsylvania.
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