By Charles H. Hamilton
Senior Fellow, Philanthropy New York
On April 6th, Mayor Michael Bloomberg and his Administration showed real leadership for the nonprofit and philanthropic sector, just as they did in 2006, when they established the Center for Economic Opportunity. The Mayor made a speech at New York University, in which he announced three initiatives to help nonprofits: (1) reduce fixed costs through bulk purchasing; (2) strengthen nonprofit management through technical assistance and referrals, including a new program called Greater NY, by which business executives will volunteer their time and company resources to nonprofit executives; and (3) seek substantial reforms of the City’s contracting procedures, together with bridge loans. (Read the full press release.)
What are we to make of all of this? The Mayor’s announcement gives us an opportunity to start a candid conversation about what foundations, nonprofits, and the City (and business too) are doing during this recession and more generally. Continue reading…
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