Silicon Valley Nonprofits Planning for Significant Layoffs, Survey Finds

In surveys of a hundred agencies conducted in December and February, SVCN found that only 7 percent of respondents considered themselves "financially strong and experiencing no impact from the recession." According to Snapshot of the Economic Issues Facing Nonprofits (7 pages, PDF), 64 percent of nonprofit agencies anticipate significant cuts in government funding in 2009, 47 percent reported that their funding from foundations was down, and 51 percent anticipated making layoffs "in the near future." Survey respondents also were concerned that funding cuts and staff downsizing in the sector would lead to reductions in the level of services provided to those living in poverty, even as demand for those services rises.