by Lynn Vincent
Posted 11/15/08, 12:00 am
Will the nation's economic storm zap U.S. charities? While the data won't be in until well after the holiday giving season, the nation's nonprofits are already bracing for a blow.
World Vision's Phillipe Guiton, for example, said his group plans to trim hiring, a move that will likely affect the delivery of overseas aid. "What we are going to do now is to issue an order to reduce spending, to delay recruitment, delay purchases of capital assets, etc., until we can see clearer how much our income has dropped," Guiton said.