How the Ripple Effects of Bank Turmoil Could Affect Nonprofits — and How to Avoid Them
The Chronicle of Philanthropy
MARCH 15, 2023
By Drew Lindsay Nikolas Liepins, Anadolu Agency, Getty Images People wait outside the Silicon Valley Bank headquarters in Santa Clara, CA, to withdraw funds after the federal government intervened upon the bank’s collapse. Damage to nonprofits appears limited so far, but charity leaders and experts urge groups to protect assets amid fears about the banking industry's health.
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