As the end of the year draws near we approach what is often called “the season of giving.” But giving, particularly to charitable causes, during a recession is hard for everyone.
The Idaho Department of Labor reported this week that state unemployment reached 9 percent for the first time since June 1983. Both those working and those unemployed know it’s hard to give in times of financial distress.
The financial woes have largely been blamed on people living beyond their means by taking on too much debt. Many organizations that receive the gifts of this season, charities and other nonprofits, also have taken on too much debt.
Using data from the Internal Revenue Service, the New York Times reported in September that bond issuance from nonprofits nearly tripled over the past decade. As the economy falters and gifts continue declining, these organizations are having as much trouble making payments as homeowners today.
Charities and other nonprofit organizations also lost a key source for funding their operations – the stock market. According to a report in the Chronicle of Philanthropy earlier this year the financial market problems of 2007 and 2008 led to a median decline of . . .
Read Dr. Crabb’s full article at http://www.idahostatesman.com/newsupdates/story/979991.html
“It was a chilly 26 degrees with a light dusting of snow on the ground the morning of Rake Up Nampa. The Accounting Club had decided to participate in the community service project which pairs able bodied rakers with the elderly and disabled of Nampa who have leaves to rake. The Accounting Club had formed a team of eleven rakers. At 7:30 am Saturday morning the first six members were willing to get out of bed for the free breakfast at Lakeview Park before the event. With our toes freezing, but a warm sense of camaraderie we enjoyed eggs, sausage and pancakes and then joined the line for coffee and hot chocolate before setting out to our assigned house. 
“We made quick work of her yard and cleaned up the leaves in a neighbor’s yard for good measure. With two yards under our belts and the satisfaction of serving well, students headed off to other commitments; some to the Boise State football game, others to decorate for Christmas and make apple goodies, and others to psych up for the Powder Puff championship game.” 
The School of Business welcomes 7 pound, 6 ounce, 21 inch Jackson Ray Miller into the world today. He is the son of John and Melinda Miller, and was born at 5:14 AM this morning at Mercy Medical Center in Nampa Idaho. Melinda Miller is the MBA Program Administrator in the School of Business.
Northwest Nazarene University’s Students in Free Enterprise (SIFE) recently placed first in a national competition (see article dated 8/31), winning $1,000 and a visit from Vice President of Global Walmart for Campbell Soup Company Timothy J. Toll on Monday, October 26 from 3-5 pm.
This event is free and open to the public in the Helstrom Business Building’s Harter Lecture Hall located at 804 E. Dewey in Nampa. NNU SIFE will provide bins to collect canned food donations. For more information, please contact SIFE advisor Dr. Mark Emerson at memerson@nnu.edu.
The Accounting Club started the year with a barbecue that included plenty of food, good conversation, warm sunshine and a rousing game of Apples to Apples. It was an opportunity for new accounting students to get acquainted with other students who have chosen a major in Accounting. The School of Business welcomed twelve new freshmen or transfer students who declared Accounting to be their major. 
Summer 2009 was a time for campus improvements. Over $1.5 million spent in construction and remodeling has added to the campus attractiveness, functionality, and building efficiency. Dick Van Schyndel, NNU Director of Operations, has been highly involved in each of these campus transformations. He is a member of the School of Business faculty, teaching business management and operations management courses. Britton Hall, Facilities Manager and adjunct instructor in the School of Business was also involved in campus improvements.
• Dooley remodel – energy efficient dual pane windows, restroom renovation, and “living room” refurbish (see picture)
“Janet L. Yellen took office as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco on June 14, 2004. As a 2009 voting member of the Federal Open Market Committee, Dr. Yellen brings her District’s perspective to policy discussions in Washington. [She] is Professor Emeritus at the University of California at Berkeley where she was the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics and has been a faculty member since 1980.