Nonprofit Bankruptcies

There was an article in the New York Times on Friday, February 20, 2009 about an upturn in nonprofits using Chapter 11 and Chapter 7 of the bankruptcy laws.

It was interesting and somewhat depressing but my main reaction was “Why isn’t this article in the Business Section?” It would be if any other economic sector was being profiled.

Is anyone pushing policy makers and legislators to consider the nonprofit sector as a significant and integral part of the overall economy?  The nonprofit sector should be part of the mainstream discussion of economic stimulus, business development and bail-outs. It could be the “nonprofit” or “charity” nomenclature marginalizes the sector.  Maybe we should think of something else to call it!

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