Economy’s Downturn Isn’t Bad News for All Nonprofits
The tanking economy’s deleterious effects on the nonprofit sector have been well reported. But one part of the sector has found a way to make lemonade from lemons. As the Associated Press reported earlier this week, plunging real estate prices have provided conversation conservation nonprofits with a terrific opportunity to pick up and protect lands that only a few years ago would have been way out of their reach.
“It’s the green lining of the current market,” [Trust for Public Land president Will] Rogers said.
There’s also a silver lining: permanently protecting land from development often helps drive up values of nearby property.
These actions represent a nice piece of strategic thinking on the part of the conservancies. Finding a way to capitalize on what would appear to be a uniformly negative situation is no mean feat, but their success is a reminder that the best leaders refuse to get stuck in conventional thinking and predictable solutions. | 501(c)
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POSTED IN: Economics
2 opinions for Economy’s Downturn Isn’t Bad News for All Nonprofits
lornadoone
Jul 29, 2008 at 4:21 pm
You know, I would have never thought of that. What a smart way for these organizations to use their money.
(btw, I think you meant “conservation” not “conversation”)
Tom Durso
Jul 30, 2008 at 6:49 am
Yeah, I thought it was pretty cool, too, Lorna. And thanks for catching my typo!
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