Can someone help me in articulating this? Discuss the impact of the current economic climate on federal grant funding, philanthropic funding, and corporate funding. How do you believe this climate will change in the next 5 years? In the next 10 years?
Corporations that have well-established relationships will nonprofits may be able to continue donating, if there is a trust fund or other investment unrelated specifically to corporate profits. Otherwise, many companies will no longer be contributing funding to charities.
The government will have no choice BUT to fund grants in new directions because they won't be able to keep up with funding departments or existing programs that are not cost-effective. The needs will be greater than the means to help. It will be like out-sourcing, where the nonprofits that request monies and are awarded funds will be those with widespread and long-standing ...
Foresight with regard to the impact of the economic climate on federal grant funding, philanthropic funding, and corporate funding in the next five and ten years is discussed.