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Spending Rules and Bad Markets: What's at Stake?
Published in Investments & Wealth Monitor, March/April 2009

The importance of U.S. nonprofits has grown dramatically in the past decade. As of 2006, nonprofits held assets of more than $3 trillion, nonprofit revenues accounted for 5 percent of gross domestic profit (GDP), and nearly one of every 10 U.S. workers was employed by a nonprofit. Critical services such as health care, education, childcare, and cultural enrichment are provided by the nearly 1.5 million U.S. nonprofits. Read the article.