From the Burlington Free Press:
United Way of Chittenden County Executive Director Martha Maksym said the first real mistake anyone could make is to think that philanthropy could fill the gap in funding that nonprofits are experiencing caused by sequestration and Medicaid rollbacks.
“Nonprofits will not be able to fix this alone,” Maksym said. “We won’t be able to fundraise our way out of this. Keep in mind, these nonprofits are businesses that employ a lot of people.”
While local nonprofits chug along in light of these federal cuts, and with more people knocking on their doors, repercussions of the 2007 economic recession are still reverberating through their tight budgets.
For the full article please visit: http://www.burlingtonfreepress.com/article/20131003/BUSINESS08/310030011/-1/rss?utm_source=dlvr.it&utm_medium=twitter
Davis & Hodgdon has been assisting nonprofit organizations in the Burlington Vermont Metro area for more than 20 years. We are committed to helping our clients achieve their goals as they strive for financial sustainability. Specific nonprofit services include: tax planning and compliance, accounting and auditing, internal controls, board member services, fundraising, grant compliance and much more.
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