While Americans are considered to be among the most generous people globally, the economic turmoil has put even more pressure on donors and on nonprofit leaders. At the same time, millions of Americans say they want to make a difference and expect to work on causes bigger than themselves.
The Gault School, like many other non-profits, has certainly been impacted by the economic downturn, yet our biggest loss of support has been due to the shift in academic focus at the University of Texas.
The old saying “may you live in interesting times” comes to mind when I think over the last several months. The project’s fiscal crisis has continued to create doubts and problems and we continually come up with ways to overcome them. I would reiterate that the GSAR is doing quite well – in fact better than projected – but not well enough to pick up employee salaries.