The uncertain future of Wall Street has almost every industry questioning its financial future — the nonprofit sector included. Speculation of today’s economy and the impact on the nonprofit world has been addressed over and over (see here, here, and here). This latest financial crisis seems to have convinced many that the impact will be great. Mike Spector of the Wall Street Journal addresses the crisis and how charities and other organizations who heavily rely on corporate giving are already feeling the aftermath of the fall of giants like Bear Stearns, Lehman Brothers, and the uncertainly of other major institutions.  According to Spector, many NYC organizations rely on gifts from the financial industry and those that do are already feeling the heat.

It is times like these that organizations need to tell—and show—potentials  donors and funders exactly what they are doing with their money.  This will make for more effective giving, in the hope for a more effective sector.

How might the latest financial crisis affect the industry as a whole — corporate giving, individual donations, fundraising, etc.?  Sound off in our comments section.