Senator Encourages Foundations to 'Step Up and Help' Charities
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Ian Wilhelm
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Independent Sector, which represents about 600 nonprofit organizations, wanted Congress to include a $15-billion bridge-loan fund for charities in the economic-stimulus proposal. (See a Chronicle article about the credit challenge facing many charities.) So far, the Senate and the House of Representatives have not included such a fund in their legislation to bolster the economy.
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