Monday, March 02, 2009

Charities Chafe as State Laws Keep Endowments Off-Limits - Philanthropy.com

Via Chronicle of Philanthropy
Charities Chafe as State Laws Keep Endowments Off-Limits - Philanthropy.com: "Charities Chafe as State Laws Keep Endowments Off-Limits

Cash-strapped nonprofit groups in many states face a frustrating quandary as local laws prevent them from tapping endowments hit by the Wall Street slump, the Associated Press reports."

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