First-Ever $250,000 National Nonprofit Collaboration Prize Contest Ends in Tie Between Two Successful Mergers
As many nonprofits worry about their bottom lines, new award designed by The Lodestar Foundation encourages collaboration as "more than a survival strategy"
Today's announcement comes at a time when many nonprofits are desperately seeking ways to remain viable in an increasingly harsh fundraising environment. Nonprofit professionals reported the lowest overall level of confidence in the fundraising climate for U.S. charities in over a decade, according to the latest Philanthropic Giving Index (PGI) report released in December by the Center on Philanthropy at Indiana University. What's more, a recent survey by the Chronicle of Philanthropy found that many of the nation's largest grantmakers suffered a median 28% drop in assets. These economic pressures have forced many nonprofits across the country to eliminate positions, cut salaries and downsize operations.
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