Proposed budget offers mixed news for North Carolina nonprofits
North Carolina Governor Pat McCrory released his budget proposal for the next two years. Overall, the 323-page proposal – which includes a 2 percent increase in state spending for next year– offers mixed news for nonprofits.
Foundation and Operating Charity Investments Slightly Down in 2011
Two studies released by the Commonfund indicate that investment returns were slightly negative in FY2011 after rising in FY2010 and FY2009. It was the first time since FY2008 that foundations and operating charities reported negative returns.