Management, Credit Hurt Nonprofits, Expert Says

"The economy is very troublesome for the nonprofit sector, and I'm hearing nothing but concern," said Paul Light, a Paulette Goddard Professor of Public Service at New York University and author of 18 books.

While there remains hope for a "miraculous rescue" from federal or state government, there's little probability of that happening, said Light, who will deliver the keynote address at Friday's Nonprofit Day 2009 event.