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La Salle has assumed the programming of the 43-year-old Arts + Business Council from its longtime host, the Chamber of Commerce for Greater Philadelphia.
Building on their respective strengths, the two organizations have entered into a partnership to support regional nonprofits considering sustained alliances.
The Pew Charitable Trusts and Harris Philanthropies have each given $2 million to help bring two leadership development programs to 100 Philadelphia-area nonprofit executive teams.
Nadya Shmavonian, director of the Nonprofit Repositioning Fund, argues that the sustainability of vital services and community assets is threatened by the weakened financial health of nonprofits, and it is in our collective interest to identify and support innovative solutions that support the longterm viability of these important organizations.
According to a report funded by The Philadelphia Foundation that examined the financial health of local nonprofits, more than 40 percent are running at a loss or producing no surplus at all.
