In the second half of 2008, the United States experienced a severe economic downturn. Often called the global Financial Crisis, it is considered by many economists to be the worst financial crisis since the great Depression. In the United States, the effects of the downturn were felt across every sector of our economy and society.
This report both identifies the major immediate impacts of the 2008 financial crisis on social justice philanthropy and takes a look into the future. It aims to provide new and useful information to both funders and nonprofit organizations seeking funds. Foundations active in the social justice arena can use this information to strategize, inside their institutions and with their peers, about ways to bring additional, urgently needed funding to the field. For nonprofits, the information presented here is crucial to their planning efforts and their ability overall to weather the storm