Putting a Human Face on the Fiscal Cliff for Nonprofits and Foundations: A Post-Election Reality Check with Tim Delaney

When: 
Thursday, November 15, 2012 -
7:45am to 11:00am EST
Where: 
Philanthropy New York, 79 Fifth Ave., 4th floor, NYC
Philanthropy New York, 79 Fifth Ave., 4th floor, NYC
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Barack Obama has not just won the election, he also has a dire set of circumstances that lie ahead -- circumstances that will be even worse if Congress fails to act before January 1, 2013.
 
If you read National Council of Nonprofits CEO Tim Delaney’s widely-discussed Huffington Post article “Day One on the Edge of the Human Cliff,” or his related piece in The Chronicle of Philanthropy, “Teetering on the Edge of a Human Cliff,” you know that American government at all levels is currently set to experience sweeping program cuts to domestic programs like never before.
 
When Congress passed the Budget Control Act in 2011, it launched a “sequestration” process mandating massive, across-the-board spending cuts if it failed to reduce the deficit by the end of 2011.  Congress failed to act, so those cuts will automatically occur unless Congress intervenes before January 2. In addition, the expiration of numerous other spending and tax cuts on December 31 leads many economists to predict that the economy will be thrown back into recession, thus decreasing state and local government revenues across the country, increasing unemployment and the demand for nonprofit services.
 
Under current law, the sequestration hatchet will automatically chop $54.6 billion from domestic programs and an equal amount from defense spending on January 2. As Delaney details, these cuts will have an immense impact on education, law enforcement, food inspection and public health, management of our nation’s airspace and air traffic control, scientific research into cancer and other diseases too numerous to mention, disaster preparedness and on and on. 
 
Are New York’s foundations and nonprofits prepared for this reality?
 
In this highly interactive session, Tim will walk Philanthropy New York members through the many ways this could all play out and how the nonprofit sector could be affected -- looking nationally at both the state and local levels.
 
Warning: The content of this message may not be suitable for the faint-hearted.  But these are demons we must confront.

Explore

  • A comprehensive understanding of “sequestration” and the fiscal time bomb ticking in Washington, DC that will deeply impact New York
  • Insights into what’s happening in Washington and whether or not the election is likely to have any impact on the fiscal crises we face
  • Important details on the extent and nature of cuts in federal government funding and how New York’s state and local governments, nonprofits and people will be affected
     
 
A Philanthropy New York Member Service.
 
This program is "Partially Open."
 

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All interested funders.