12/13/09 - The Trust Featured in Crain's Article on "Battling Mission Attrition"
The Trust and several of its grantees are mentioned in this 12/13/09 Crain's New York Business piece, "Battling mission attrition: To outlast the downturn, nonprofits need diverse funding and broad appeal," by Judith Messina.The article is excerpted below:
"...As the recession wears on, some big funders are providing a safety net. The New York Community Trust, a community foundation, handed out an additional $10 million this year to organizations that provide food, housing and legal services to the needy. And stimulus money yet to be distributed could help prop up many ailing charities.
Even so, say experts, the next couple of years will continue to test the durability of many nonprofits.
“2010 is going to be more of the same, because of almost-certain city and state budget cuts,” says Nancy Wackstein, executive director of United Neighborhood Houses of New York."
Read the full article>>